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$NUE 2Q15 PR: The average scrap & scrap substitute cost per ton was $271, a 16% decrease from $324 in 1Q15, and compared to decrease of 29% from $384 in 2Q14. Our liquidity position remains strong with $1.69Bil in cash and cash equivalents and short-term investments & untapped $1.5Bil revolving credit facility that does not expire until Aug. 2018.
$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.