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$LMT said cash generated in 2Q16 was about $1.5Bil, $200MM more than last year. The company added that with just over $1Bil returned to stockholders, evenly split between dividends and share repurchases, it returned over 80% of free cash flow in 2Q16.
$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.