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On Oct. 9, 2015, $KHC entered into a $150MM US securitization program, replacing a similar arrangement in existence during YTD 2015. Under this program, $KHC will receive cash consideration of up to $150MM and a receivable for the remainder of the purchase price. This securitization program utilizes a bankruptcy-remote special-purpose entity.
$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.