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As of Aug. 2, 2015, $PVH had no outstanding revolving credit borrowings and had $38.1MM of outstanding letters of credit. A portion of each of the US dollar-denominated revolving credit facilities is also available for the making of swingline loans (a large loan taken to repay other debt).
$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.