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$AA said that it plans to do a reverse stock split at a ratio of 1 for 3 and reduce the number of authorized shares of its common stock proportionately. This action will reduce the number of company shares of common stock outstanding and is expected to increase the per share trading price of the common stock.
$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.