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During 2Q16, $XLNX repurchased 2.2MM shares for $100MM & paid $80MM in quarterly dividends. As a result, $XLNX returned over 130% of operating cash flow to shareholders during the quarter, putting it well on track to continue to return over 100% of operating cash flow to shareholders in FY16. Diluted shares at 2Q16-end were 266MM vs. 275MM in 2Q15.
$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.