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$CMCSA said that for 1H16, it generated $4.2Bil in free cash flow, down 9.8% vs. 1H15. This reflects growth in consolidated operating cash flow offset by increased working capital and higher CapEx, and cash paid for capitalized software and other Nintendo assets. During 2Q16, paid dividends were $670MM, up 6.6% and share repurchases were $1.1Bil.
$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.