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For 2016, excluding negative impact of currency movements and asset divestitures, $RAX expects normalized revenue growth rate to be 6.5-7.5%. Adjusted EBITDA is expected to remain in previously stated range of 33-35%. Company is reducing its full year CapEx guidance to be 16-18% of revenue.
$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.