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$KBR said it and KBRwyle will focus on capitalizing on new opportunities for the combined company. As of year-end 2015, Wyle's funded backlog was $440MM with an additional $1.1Bil of orders not yet funded, but expected. The transaction was funded by utilizing $KBR's existing line of credit facility and about $200MM in cash.
$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.