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Motion Industries, $GPC's wholly-owned industrial distribution company in Alabama said that it has acquired Epperson & Company, specialist in material handling products & services; and Missouri Power Transmission, a distributor of power transmission equipment. Combined, these two companies are expected to generate approx. $50MM in annual revenues.
$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.