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Holding company liquidity, which included the proceeds from Aug. 25, 2015 issuance of $400MM of 4.3% 30-year senior debt, ended 3Q15 at over $2Bil, well above $TRV's target level. The proceeds from this debt issuance will be used towards retiring $400MM of debt that is maturing on Dec. 1, 2015. $TRV's debt-to-total capital ratio was 23%.
$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.