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In 4Q15, CapEx was $281MM including recurring CapEx of $45MM. $EQIX expects 2016 CapEx to range between $900MM and $1Bil. Company expects to achieve $30MM in annual cost savings with about 50% of the savings being realized before end FY16 and the rest in FY17.
$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.