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$DOW expects capital spending in 2016 to be approx. $3.7Bil. Capital spending was $820MM in 1Q16 versus $903MM in 1Q15, reflecting decreased spending on projects related to the company's US Gulf Coast investments. The company expects to loan approx. $1.1Bil to Sadara in 2016.
$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.