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$CAG ended 1Q17 with $795MM of cash on hand and no outstanding commercial paper borrowings. Total net cash flows from operating activities from continuing operations for 1Q17 were $337MM versus $64MM in the year ago quarter. This increase is due to the improved operating earnings in 1Q17 and higher than normal income tax payments in 1Q16.
$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.