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$FLO said that its 2Q16 cash flow from operations was $73.2MM vs. $97.5MM in 2Q15. The decline in cash flow was mainly due to changes in working capital. CapEx was $17.8MM and the company settled the accelerated share repurchase program completed in 1Q16. YTD, the company had returned approx. $126MM of cash to shareholders through 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.