JC Penney's closing up to 140 stores; Waymo accuses Uber of stealing secrets, and more news.

28/02/2017
JC Penney will close 130 to 140 stores — 13% to 14% of the company's locations — over the next few months.

Shuttering the stores (along with two distribution centers) will allow the chain to “effectively compete against the growing threat of online retailers,” CEO Marvin Ellison said in a statement. Online shopping is hurting the company’s turnaround efforts, but all is not lost: Penney also reported its first annual profit since 2010.

Alphabet’s Waymo has accused Uber of stealing trade secrets. A lawsuit alleges that former Waymo employees brought intellectual property to Otto, the self-driving truck startup Uber bought in August for $680M. Otto’s co-founder, Anthony Levandowski, is accused of secretly downloading 14,000 Waymo files before leaving the company last year. “Misappropriating this technology is akin to stealing a secret recipe from a beverage company,” Waymo’s complaint said of the suit.

Oculus is back in the hot seat: ZeniMax Media, the game company that recently won $500M in a copyright case against Oculus, wants to block the Facebook-owned VR company from using the infringed code. The code is embedded in numerous games for Oculus’s Rift VR headset and Samsung’s Gear VR, and ZeniMax’s injunction, if granted, “would be a blow to a product still in its infancy and on which Facebook has made a big bet for the future.”

The FCC voted to weaken a net neutrality rule requiring broadband providers to report on their services. The previous rule exempted small providers with fewer than 100,000 subscribers; now ISPs with fewer than 250,000 customers are exempt. “This isn’t the gutting of net neutrality many fear will come from this new FCC,” says Techcrunch, “But the particulars of its passage indicate that the commission is plainly headed in that direction.”

And then there were two: Budapest’s withdrawal of its bid to host the 2024 Summer Olympics has cast doubt on the IOC’s efforts to make the Olympics attractive (and affordable) to mid-size city hosts. The past two bidding campaigns have led to a “mass exodus” of cities, with only two (for this round, Los Angeles and Paris) ultimately duking it out. It’s the latest concern for the IOC and the Olympic movement — which are “at a crossroads which many would describe as the biggest crisis” since the Salt Lake City bribery scandal, said Tim Crow, CEO of sports sponsorship agency Synergy.

Fonte:https://www.linkedin.com/pulse/jc-penneys-closing-up-140-stores-waymo-accuses-uber-stealing-carroll?trk=v-feed&lipi=urn%3Ali%3Apage%3Ad_flagship3_feed%3B0LEd4n%2Bp3NFAmh1npGHu3g%3D%3D

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