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In FY17, $SXI expects its CapEx to be in the range of $26-28MM, which includes a $8MM carryover of spending from FY16. Approx. $19MM of CapEx in FY17 will be to drive sales and improve productivity and the remainder will be maintenance capital. Depreciation and amortization is projected to be in the range of $21-23MM in FY17.
$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.