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For FY17, $MNRO expects operating margin to increase by approx. 30BP at the midpoint of its range. Interest expense will be about $15MM. EBITDA will be approx. $170MM at the midpoint of the range. Depreciation and amortization will be about $40MM and Capex could be as high as $46MM. Tax rate will be about 37.4%.
$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.