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$HST's holders of $8.7MM of 2.5% Exchangeable Senior Debentures due 2029 elected to convert their debentures into 0.7MM shares of Host Inc. common stock during 3Q15. Additionally, $22MM of the shares repurchased during 3Q15 were not settled until subsequent to Sept. 30, 2015. Consequently, the corresponding cash payment did not occur until 4Q15.
$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.