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In 2Q16, $MDLZ delivered more than $500MM of free cash flow & improved its cash conversion cycle by 20 days to minus 4 days. The company said that it returned more than $1.8Bil to shareholders through 1H16 and repurchased more than $1.3Bil in shares at an average price of $41.07.
$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.