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$CTL's cash and cash equivalents at 2Q15-end was $155MM, flat with 1Q15 and down 14.3% YoverY;out of this $155MM, $70MM was held in foreign bank accounts for the intent of funding its foreign operations. $CTL also had approx. $1.7Bil of borrowing capacity at 2Q15-end that was available under its $2Bil amended and restated revolving credit facility.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.