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Ian MacPherson of Simmons asks about working capital. $RIG said in 2Q16, it incurred interest payments, payroll retentions and corporate tax payments which had a negative impact on working capital. Looking to the rest of 2016, the company expects to see working capital relief which should continue into 2017.
$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.