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$REX had a cash balance of approx. $122MM at the end of 1Q16. The company bought back 87,904 common shares in 1Q16 at an average price of $49.52 per share. $REX expects Capex of $6-10MM this year. The company's goal is to increase the production level of each ethanol plant to a rate of 135MM gallons.
$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.