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$PAYX 4Q15 Call: Financial position remained strong with cash and corporate investments of $936MM as of 2015-end and no debt. Funds held for clients were $4.3Bil compared to $4.2Bil as of May 2014. Total available-for-sale investments reflected net unrealized gains of $14MM as of May 31, 2015 compared to $35MM as of May 31, 2014.
$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.