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$UTX's free cash flow was 44% of net income largely due to significantly higher working capital from the engine delivery delays at Pratt and timing issue. YTD free cash flow to net income was 71% and expect fully year free cash flow to net income of 90-100% in 2015, likely towards the lower end of the range.
$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.