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In 1Q16, $WM said that it returned $433MM to shareholders. The company paid $183MM in dividends and it repurchased $250MM of shares. At quarter-end, the company had net-to-EBITDA ratio of 2.77 and the weighted average cost of debt was 4.26%. $WM's effective tax rate was approx. 35.4% in 1Q16 and expects full-year 2016 tax rate to be 35%.
$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.