Ok so spending is being cut to nothing. Is the company cutting all of this fat to prepare to buyout another company? Last time I saw a mess like this we were banm.
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Maybe Alphabet corporation...
It's official: When the markets open Monday, what once was traded as Google will become Alphabet.
This change took a lot of behind-the-scenes financial wizardry: A US Securities and Exchange Commission document filed Friday shows that Google created a company called Maple Technologies Inc. ... only to destroy it once the changeover to Alphabet was done.
Reading the SEC document too closely will give you a headache, but here's how it worked, as we currently understand it:
Google created Maple Technologies as a wholly owned subsidiary.
Maple Technologies was given a controlling share of Google by Google.
The newly formed Alphabet "acquired" Maple Technologies.
Now Alphabet owns Google.
Maple Technologies, no longer necessary, merges back into Google — the subsidiary — and is discarded.
Logistics cutting 3.6 milion on east coast. Laughable.
Any truth to the Chipotle takeover? Interesting curveball for Lowell.......
Yahoo maybe? Do you read the news?