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Gold producer $NEM said its Indonesian subsidiary PTNNT repaid the remaining $190MM balance under its revolving credit facility due in 2017. YTD, $NEM has reduced its consolidated debt by more than $1.1Bil. The $190MM balance was paid from cash held at the subsidiary. $NEM expects the PTNNT sale to close later this quarter or early 4Q.
$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.