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Kathryn Huberty of Morgan Stanley probes on the free cash flow guidance for FY16, if the $300MM should be subtracted from the $2-2.2Bil range. $HPE said it is reducing the guidance from $2-2.2Bil, down to $1.7-1.9Bil. The company continues to see momentum, particularly looking at extended payment terms, Net-net the guide will be reduced by $300MM.
$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.