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$ZUMZ expects full year 2016 CapEx to be $24-26MM with the majority of its capital spend dedicated to new store openings and planned remodels. D&A is expected to be approx. $29MM, slightly below 2015. The company assumes an annual effective tax of about 37.5%, and projects its diluted outstanding share count for 2016 to be about 25MM shares.
$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.