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$PSX 1Q15 10-Q: In April 2015, Rockies Express Pipeline LLC repaid $450MM of its debt, reducing its long-term debt to approx. $2.6Bil. REX funded the repayment through member cash contributions. PSX’s 25% share was approx. $112MM, which it contributed to REX in April 2015.
$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.