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During 1Q16, $GILD said that it utilized $8Bil of cash to repurchase shares of common stock that consisted of $3Bil of open market repurchases or 33.4MM shares and $5Bil under the accelerated share repurchase program (ASR) that the company announced in Feb. $GILD repurchased 46.1MM shares under this program in 1Q16.
$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.