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$TXN 2Q15 Q&A: Sur from JP Morgan asked about utilizations & inventory. Dave replied we did reduce utilization in factories in 2Q15 and inventory came in at 126 days. And we do intend to further reduce factory utilization in 3Q15 & expect inventory will probably come down somewhat in 3Q15 as a result of the reductions that we are planning for 3Q15.
$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.