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Jeffrey Volshteyn of JP Morgan asks about capital, operating free cash flow and Capex. CFO Troy Rudd said in 1H16, $ACM spent a little more than $100MM on variable comp and some tax related to equity programs. The business ramps up in 2H and this influences cash flow. $ACM is confident of hitting the full-year guidance number.
$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.