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At 2Q16-end, $CTAS's cash and cash equivalents were $606.7MM, while long-term debt was $1.05Bil. Capital expenditures in the quarter decreased to $121.8MM from $133MM in the year-earlier quarter. During the reported quarter, free cash flow declined to $143.2MM from $179.5MM in second-quarter of fiscal 2015.
$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.