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$ATI had $63.3MM in CapEx for 1H15 and expects FY15 CapEx to be approx. $250MM. Almost half of this expected CapEx is related to completion of payments associated with the Hot-Rolling and Processing Facility (HRPF). Funding for these CapEx is expected to come from cash on hand and cash flow generated from operations.
$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.