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$VFC expects to spend about $1Bil under its share repurchase program in 2016. This represents more than 35% increase over repurchases made in 2015, and when combined with annual dividend, should return $1.5Bil to shareholders in 2016. Other full year assumptions include about 23% effective tax rate and capital expenditures of about $300MM.
$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.