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$EBIX said it now has access to total funds of about $250MM to fund any of its working capital or any other growth and share repurchase initiatives. This includes the worldwide cash balances in the bank of about $70MM in addition to available credit line of about $180MM.
$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.