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$BIIB 2Q15 Q&A: Porges of Sanford Bernstein asked a question about margins and capital allocation. Paul answered that on margin front, the guidance now assumes BIIB will continue to want to drive towards margin improvement; the dynamics will be different. On capital allocation, have authorization from the Board for $5Bil share repurchase program.
$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.