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$CMA said it expects total pretax restructuring charges of $140-160MM to be incurred through 2018. In 2Q16, the company recorded about one-third of these charges totaling $53MM, primarily related to severance. A significant portion of restructuring charges over the next two quarters is expected to be related to real estate consolidation.
$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.