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Semiconductor solutions provider $MSCC said it has completed the sale of a non-strategic component of a board level systems and packaging business to Mercury Systems, Inc. for $300MM in cash. The cash generated will be used to pay down outstanding debt and allow the company to reduce its leverage ratio ahead of original plan.
$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.