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$CREE said that during FY16, the company spent $150MM to purchase 5.8MM company shares. In 4Q16, the company did not repurchase any shares due to the Wolfspeed sale negotiations. During 4Q16, cash from operations was $65MM and CapEx was $24MM, including patents resulting in free cash flow of $41MM.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.
Wanna know what $TSLA announced yesterday? Watch the video!! Tesla Self-Driving Car Level 5 Autonomy. This is crazy!!
Construction equipment supplier $URI reported that in U.S., the employment report for September was encouraging. Geographically, the company is experiencing growth in the east and west coast regions. $URI added that in Canada, the economy is challenging. Rental revenue from Canada was down approx. 10% in 3Q16.