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Wolfe Research analyst Steve Fleishman questions about putting money back into Midwest Gen in 2018/2019, the forwarding of capacity value. $NRG CFO Kirkland Andrews says that it is a shift forward, but not necessarily putting money in. There is an injection of cash per se, but capacity revenues serve to pay financing costs principal interest.
$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.