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$MKC 2Q15 Call – Gordon, CFO: Our cash flow from operations was $186MM vs $182MM in 1H14. During 1H15, we used $70MM of cash to acquire nearly 1Mm shares of McCormick stock. At quarter end, we had $46MM remaining on current $400MM authorization. The Board approve a new $600MM share repurchase authorization in March 2015.
$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.