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$MDT said that it had updated its capital allocation plans for the $9.3Bil following its Sep. 2015 internal reorganization & plans to return $5Bil of the $9.3Bil to its shareholders through share repurchases. This return is in addition to its return of 50% of its free cash flow to shareholders in the form of dividends & share repurchases.
$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.