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$AAL said it will spend approx. $4.5Bil on its fleet renewal program for each of 2016 and 2017. Beginning in 2018, the aircraft CapEx is expected to decline from $4.5Bil to approx. $3Bil each year. Non-aircraft CapEx is expected to be $1.2Bil for each of 2016 and 2017 and then to decline to an annual rate of approx. $800MM, the company said.
$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.