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$AYI, owning brands like Lithonia Lighting & Holophane, said that it closed 2Q16 with $224MM of cash on hand after investing $614MM for acquisitions this year. The company further generated $120MM of net cash provided by operations in 1H16, up $44MM from 2H15.
$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.