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On July 20, 2016, $MPC extended its trade receivables securitization facility for a new three-year term and reduced the capacity to $750MM reflecting the lower refined-product price environment. $MPC replaced its existing bank revolving credit facility with a four-year $2.5Bil and a 364-day $1Bil bank revolving credit facilities.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.
Wanna know what $TSLA announced yesterday? Watch the video!! Tesla Self-Driving Car Level 5 Autonomy. This is crazy!!
Construction equipment supplier $URI reported that in U.S., the employment report for September was encouraging. Geographically, the company is experiencing growth in the east and west coast regions. $URI added that in Canada, the economy is challenging. Rental revenue from Canada was down approx. 10% in 3Q16.