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$AEP said its total debt to capital ratio grew by 0.3% during 2Q16 and remained healthy at 54%. The company's credit metrics, FFO interest coverage, and FFO to debt are solidly in the BBB and Baa1 range at 5.6 times and 20.2%, respectively. $AEP's qualified pension funding remained unchanged for 2Q16 at 94%.
$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.