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$PLKI still sees FY16 net restaurant openings of 200-235, including about 85-100 internationally, and net new restaurant openings of 140-185, for net new unit growth rate of about 6-7%. $PLKI still sees share repurchases of $80-120MM in outstanding shares, with $60MM purchased from operating cash flows and up to $60MM from additional borrowings.
$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.