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$MEI said during FY16 it purchased $62MM or nearly 2MM shares of its outstanding common stock at an average purchase price of $31.03 under the BoD authorized $100MM repurchase plan. The company added that there is $38MM of remaining availability under the plan, although the plan can be terminated or suspended at any time.
$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.