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Through the first three quarters of 2016, $MKC has used $343MM for dividends and share repurchases. At the end of 3Q16, $391MM remained on the current $600MM share repurchase authorization. The company now expects to reduce shares outstanding by 1% from FY15, which is below its initial projection of 2%.
$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.