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$ETFC's cash and equivalents fell by 19% to $1.5Bil during 9 months ended Sept. 30, 2015. The decrease is partially due to redemption of its 6 3/8% Senior Notes during 1Q15. Also, during 3Q15, $ETFC used cash together with cash proceeds from sale of available-for-sale securities to terminate $4.4Bil of its legacy wholesale funding obligations.
$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.