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Wilmerding, Pennsylvania-based $WAB said it repurchased about 4.6MM shares of its common stock for $365MM during 4Q15. The company said its BoD approved a new share buyback authorization for up to $350MM worth its stock, this succeeds the previous authorization of $350MM, which had a balance of $33MM.
$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.