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Citing challenging times in the energy sector, $URI cut its full-year revenue outlook to a range of $5.6Bil to $5.8Bil from its prior view of $5.65Bil to $5.95Bil. Year over year, the company expects rental rates to fall 3% to 4%. $URI however maintained its free cash flow outlook of $900MM to $1Bil for the year.
$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.