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Pharma company $JNJ announced restructuring actions in its Medical Devices segment that are expected to result in annualized pre-tax cost savings of $800MM to $1Bil. The majority of these savings are expected to be realized by the end of 2018, including approx. $200MM savings in 2016.
$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.