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$ROK said that its average diluted shares outstanding in 3Q16 were 130.8MM, down about 3.5% compared to last year. During 3Q16, the company repurchased 1.1MM shares at a cost of about $122MM. YTD, $ROK has repurchased 3.5MM shares at a cost of $370MM. At 3Q16-end, there was $1.075MM remaining under the previous share repurchase authorizations.
$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.