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$BBT said The Federal Reserve Board did not object to its proposed capital plan of 7.1% increase in quarterly dividend and $640MM in share repurchases. As a result, company is seeking Board approval to raise quarterly dividend by $0.02 to $0.30 per quarter and to initiate a share repurchase program up to $160MM in 3Q16.
$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.