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$HOT currently expects that its defensive CapEx for the full year 2016, excluding vacation ownership inventory, will be approx. $200MM for maintenance, renovations and technology capital. For the full year 2016, the company currently expects to spend about $120MM for investment projects, various JVs and other investments.
$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.