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$TSN repurchased $250MM of stock in 4Q15 and $200MM so far in 1Q16 for a combined total of $450MM and more than 10MM shares. In 4Q15, $TSN completed the sale of its Mexican operations for net proceeds of $374MM, which were used to retire the 2015 notes. Net debt was $6Bil at 4Q15 end, down $1.7Bil from 4Q14 end.
$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.