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$FLS now sees about 18% reduction in global workforce from realignment programs. With expected total investment of about $400MM, $FLS expects the results of realignment programs will deliver annualized run-rate savings of about $230MM with a portion realized in 2015 and an increasingly larger amount realized in 2016 and 2017.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.