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During 1Q16, $CTXS incurred about $14.7MM related to spinoff of the GoTo family of products into a separate, publicly traded company. $CTXS expects to incur about $100-110MM in separation costs, excluding potential tax related charges or CapEx which may be incurred related to the proposed transaction.
$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.