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$MCK FY15 10-K: Research and development costs were $392MM, $457MM and $433MM during 2015, 2014 and 2013. Development expenditures are primarily incurred by McKesson’s Technology Solutions segment. In May 2015, the Board authorized the repurchase of up to $500MM of the Company’s common stock.
$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.