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During 1Q16, $GIS repurchased 2.7MM shares of common stock for a total purchase price of $152.1MM compared to 8.8MM shares repurchased for a total purchase price of $462.5M in 1Q15. Average diluted shares outstanding decreased by 14MM in 1Q16 from a year ago due to the impact of share repurchases, partially offset by option exercises.
$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.