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On April 29, 2016, $UNFI amended its revolving credit facility increasing the aggregate availability under the facility from $600MM to $900MM. Debt-to-EBITDA leverage at the end of 3Q16 improved to 1.51 on a trailing 12-month basis, which included financing of Global and Nor-Cal acquisitions.
$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.