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$FIS said that for 1Q16, free cash flow was $338MM and as of March 31, 2016, the company had $11.3Bil of debt outstanding. During 1Q16, $FIS repaid $150MM of debt and returned $85MM to shareholders through dividends. The effective tax rate rose to 35% for the quarter, driven mainly by the inclusion of SunGard in the results.
$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.