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Insurer $AET said it started 1Q16 with cash and investments at the parent of approx. $420MM. Net subsidiary dividends to the parent were $715MM. The company paid a shareholder dividend of $87MM and after other uses ended 1Q16 with approx. $970MM of cash at the parent. $AET's basic share count was approx. 351MM at March 31, 2016.
$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.