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$SGY said its BoD has approved a 1-for-10 reverse split of its issued and outstanding common shares. The split will be effective upon filing and effectiveness of certificate of amendment to certificate of incorporation on June 10 and its common stock will begin trading on a split-adjusted basis when the market opens on June 13.
$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.