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Apparel & Home furnishing retailer $JCP announced its plan to upsize Asset-Based Revolving Credit Facility (ABL) to $2.35Bil from $1.85Bil. It also intends to prepay & retire outstanding principal amount of $500MM term loan that is scheduled to mature in June 2019. This will help reduce its interest expense by about $20MM yearly, beginning in 2016.
Your favorite snack maker $MDLZ is selling its Vegemite brand to Bega Cheese. Don’t worry though, Oreo will stay, in fact the move was made to focus on Oreo and Cadbury. On a side note, tell your mate in Australia because Bega Cheese is a worth buy there now.
We all know oil is the buzzword in recent times. But if you did not know $RRC has as much as 40% upside in this year, do take a look. Don’t let the recent news about increased US oil production scare you, the rally isn't over!
Even the $ORCL Oracle Corporation that changed the face of database management still carries the legacy of racial discrimination. Not sure if this is the right place to say, but racial profiling accusations are growing dramatically in big companies!
Wham! $NFLX did not disappoint me! Stronger than expected results and an upbeat outlook and most importantly, the share price is up around 8% pre-market. What a time to be alive!
Well that’s interesting! $T’s CEO Stephenson says he has no plans to sell CNN, but in reality they might just I guess, to win Trump’s favor.