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$NSC 1Q15 10-Q: Norfolk repurchased and retired 3.9MM shares of Common Stock under its stock repurchase program at a cost of $415MM. Railway operating ratio was 76.4% vs. 75.2% in 1Q14. NSC’s Consolidated Balance Sheets include liabilities for environmental exposures of $69MM at March 31, 2015, vs. $66MM at Dec. 31, 2014.
$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.