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$VSAT said 1Q17 Capex was up $55MM compared to last year. With regards to the trailing 12-months cash flow from operations, the company generated $341MM of cash, which was over 20% higher than 1Q16. $VSAT ended 1Q17 with $200MM outstanding on its revolver. Overall net leverage was 3.1 times trailing 12 months adjusted EBITDA.
$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.