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$OMC 2Q15 Call: Total debt of $4.57Bil was down about $37MM from 1Q15 mainly due to decrease in the fair value adjustment to debt carrying value as required by US GAAP. 2Q15-end net debt position was $3.2Bil. For last 12 months, ROIC increased to 17.6% and ROE increased to 35.9%.
$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.