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$MMC 2Q15 Call: Cash position at the end of 2Q15 was $930MM with approx. $155MM in U.S. Uses of cash in 2Q included $151MM for dividends, $260MM for acquisitions and $475MM to repurchase 8.2MM shares of stock. Through 6 months, uses of cash included $302MM for dividends, $400MM for acquisitions & investments and $775MM to repurchase 13.5MM shares.
$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.