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John Franzreb of Sidoti asks about the allocation of the restructuring charges between the two segments, the $6.2MM in annual savings. $AZZ CEO Tom Ferguson replied that the majority of the benefits would be on the Galvanizing side. He added that it will be probably 75-25, Galvanizing versus Energy.
$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.