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$JWN had total short-term borrowing capacity available for general corporate purposes of $800MM as at Aug. 1, 2015. $JWN terminated the $800MM senior unsecured revolving credit facility in April that was scheduled to expire in March 2018. This was replaced by a 5 year $800MM senior unsecured revolving credit facility that will expire in April 2020.
$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.