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Medical device major $STJ said as of April 2, 2016, substantially all of its cash and cash equivalents were held by its non-US subsidiaries. A portion of these foreign cash balances are associated with earnings that are permanently reinvested & which it plans to use to support its continued growth plans outside the US through funding of operations.
$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.