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$BYD expects to get $738.5MM in net proceeds on closing of the offering, which it intends to use in the future for general corporate purposes. On closing, $BYD will use proceeds to pay down outstanding amounts under its credit facility and will retain the rest as cash on hand or invest in cash equivalents and short-term marketable securities.
$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.