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$MPC stated that it had $11.1Bil of total consolidated debt at 2Q16-end, including $4.4Bil of debt at MPLX. Total debt to book capitalization was about 36% and represented a manageable 2 times last 12-months adjusted EBITDA of over $5.8Bil, which is pro forma for the MarkWest acquisition.
$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.