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$MS 2Q15 Call: Investment Banking: Seen an increase in velocity and size of deals and more cash deals. Investors’ reaction to strategic transactions has been positive and this has led to nearly $2 trillion in global activity YTD. Revenues were $1.4Bil, up 23% sequentially. As of June 30, Company ranked number four in US investment grade debt.
$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.