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$PSX has returned $571MM to shareholders during 2Q16, consisting of $329MM in dividends and the repurchase of 3MM shares of common stock for $242MM. Since July 2012, the company has returned $12.3Bil to shareholders in the form of dividends, share repurchases and share exchange. The company ended the quarter with 523MM shares outstanding.
$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.