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Irvine, California-based company $RECN said Mr. Anthony Cherbak will resign as President and CEO effective October 7, 2016 due to health issues. Kate W. Duchene, the company's Chief Legal Officer, EVP, Human Resources and Secretary, will serve as interim CEO while the BoD conducts a search for a new CEO.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.