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$CAH's cash and equivalents totaled $3Bil at Sept. 30, 2015 compared to $4.6Bil at June 30, 2015. The decrease was driven by cash deployed for acquisitions of $1.4Bil, dividends of $131MM, and cash used in operating activities of $52MM. On Oct. 2, 2015, $1.9Bil in cash was paid to acquire Cordis.
$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.