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During 3Q15, $KSU repurchased 1,236,094 shares of common stock for $115.7MM at an average price of $93.57 per share under the share repurchase program announced in May 2015. The excess of repurchase price over par value is allocated by $KSU between additional paid-in capital and retained earnings.
$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.