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$NUE 2Q15 Call: NUE strong liquidity position also includes $1.5Bil unsecured revolving credit facility, which remains undrawn. That facility does not mature until August of 2018. NUE is the only North American steel producer to hold an investment grade credit rating. The 1H15 CapEx totaled $163Bil, we estimated FY15 CapEx will be approx. $450MM.
$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.