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$FDX's cash flows from operating activities increased $259MM in 1Q16 predominately due to higher net income and lower income tax payments. CapEx during 1Q16 was higher than 1Q15, primarily due to increased spending for aircraft at FedEx Express. CapEx is expected to be about $4.6Bil in 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.