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During Jan. 2016, $ECL issued $800MM of debt securities consisting of a 3 year 2% fixed rate noted for a par amount of $400MM and a 7 year 3.25% fixed rate note for a par amount of $400MM. The proceeds were used to repay a portion of $ECL's outstanding commercial paper, repay remaining term loan balance of $125MM and for general corporate purposes.
$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.