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Regarding the reported material weaknesses in internal controls over financial reporting, $MTSC said that it is implementing various actions to improve the control environment and remediate the material weaknesses. $MTSC said it is progressing on the initiatives it is pursuing and is on track to remediate the material weaknesses by the end of FY16.
$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.