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During 3Q15, $HOT signed 44 hotel management and franchise contracts, representing approx. 8,600 rooms and opened 27 hotels and resorts with approx. 4,800 rooms. $HOT paid a quarterly dividend of $0.375 per share and repurchased 1.3MM shares at a total cost of $100MM at a weighted avg. price of $76.64 per share.
$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.