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$SNA said that its quarter end cash position of $106.3MM rose $13.5MM from year-end 2015. The net increase includes $174.1MM of cash from collections of finance receivables & $141.6MM of cash from operations. $SNA also it has more than $700MM in available credit facilities & as of 1Q16-end, had no commercial paper borrowings outstanding.
$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.