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$PPL entered into foreign currency contracts on behalf of a subsidiary to economically hedge GBP-denominated anticipated earnings. The total exposure hedged by $PPL at Sept. 30, 2015 was approx. GBP1.7Bil or approx. $2.7Bil based on contracted rates. The termination dates of these contracts range from Oct. 2015 through Dec. 2017.
$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.