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Communications company $CTL said its wholly-owned subsidiary $CTQ has agreed to sell $850MM of 6.5% notes due 2056. $CTQ has also granted the underwriters an option to acquire up to an additional $127.5MM of the notes to cover any over-allotments. The offering is expected close on Aug. 22, 2016.
$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.