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In 4Q16, $CSX expects export coal to be neutral as it is seeing some near-term increase in metallurgical demand driven by reduced Chinese supply such that volume should be similar to last year's levels. $CSX expects full-year 2016 export coal tonnage to be around 25MM tonnes. Chemicals will be down with weakness in drilling-related products.
$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.