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Circuit protection company $LFUS said it plans to invest about $30MM in its semiconductor fabrication locations to enhance its production capabilities, add capacity to its China fabrication facility and transfer production of the portfolios it acquired from $ON. The transfers will occur over next few years.
$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.