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In 1Q16, $MDLZ returned $1.5Bil of capital to shareholders. The company paid out about $270MM in dividends and purchased $1.2Bil of stock or about 29MM shares at an avg. price of about $41. $MDLZ expects to buy back approx. $2Bil of stock for the year.
$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.