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RBC Capital Markets analysts Robert Wetenhall questions $VMC whether it intends to keep up with the $400MM in CapEx guidance for 2016. CFO John McPherson says that the company will keep up with that number. The core operating maintenance CapEx as a part of $400MM is about $275MM and another $125MM that is essentially non-M&A growth capital.
$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.