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$TIF said net inventories at 2Q16-end were 1% below a year ago. Capex was $101MM in 1H16. In 2Q16, $TIF spent $72MM to repurchase shares at an average price of $63 per share. In 1H16, $TIF spent $150MM for share repurchases. Cash and short-term investments at 2Q16-end were $720MM. Total short-term and long-term debt was $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.