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$MCHP paid total dividend of $1.433 per share or $291.1MM in FY16. As of March 31, 2016, $MCHP had repurchased 8.6MM shares under its May 2015 authorization for about $363.8MM. In Jan. 2016, BoD raised the existing repurchase program to 15MM shares from 11.4MM shares remaining currently. Company did not repurchase any shares in 4Q16.
$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.