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$MNK's adjusted effective tax rate in 2Q16 was 15.7%. The company generated free cash flow of $186MM. $MNK also repurchased 3.4MM shares of stock in 2Q16, returning $225MM of cash to shareholders. $MNK ended 2Q16 with a cash balance of $341MM.
$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.