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$HALO 2Q15 PR: Revised FY15 Outlook: Net revenues to be in the range of $110-115MM, from a prior range of $85-95MM. OpEx to be in the range of $160-170MM, from a prior range of $145-155MM. Net cash burn to be between $20-30MM, from a prior range of $35-45MM, with year-end cash balance expected to be $105-115MM.
$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.