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Cash and cash equivalents of $HPQ was up approx. $2Bil at 3Q15-end vs. 4Q14-end. This increase was due to cash received for net issuances and repayment of debt of $6Bil and a $3.9Bil operating cash flow. $HPQ repurchased 11MM shares of common stock at costs of $0.4Bil during 3Q15 and has a $2.3Bil remaining authorization for future repurchases.
$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.