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$VLO said that its Refining segment's operating income dropped 41% in 2Q16, hurt by weaker gasoline and distillate margins. Ethanol segment's operating income dropped 36% compared to the same quarter a year ago. The company returned $683MM of cash to its shareholders via $282MM in dividends and $401MM in share repurchase.
$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.