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Deutsche Bank analyst Jonathan Arnold asks about the likely earnings drivers in 2H16. CEO Benjamin Fowke said that 2H16 is going to be balanced. $XEL expects top line revenues to come from New Mexico and the Texas cases, and some favorable weather in 2H16. He added that the company is confident about the revenue streams and cost initiatives.
$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.