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In Oct., $CRM sold about 8.8 net acres of undeveloped real estate and associated perpetual parking rights in San Francisco, California, which were classified as held for sale. The total proceeds from sale were $157.1MM, of which $CRM received $127.1MM during 3Q16. $CRM recognized gain of $21.8MM on sale.
$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.