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$AVGO 2Q15 10-Q: On May 5, 2015, AVGO acquired Emulex through a tender offer and subsequent merger of Emulex into one of its wholly-owned subsidiaries for approx. $583MM. Inventory fell to $490MM at May 3, 2015 vs. $519MM at Nov. 2, 2014. Employee compensation & benefits accruals decreased to $181MM at May 3, 2015 vs. $219MM at Nov. 2, 2014.
$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.