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In 2Q16, $BOH had net charge-offs totaling $1.7MM or 0.09% annualized of total avg. loans and leases outstanding. Non-performing assets were $16.3MM at 2Q16-end, down $13.2MM from 2Q15-end. The allowance for loan and lease losses was reduced to $103.9MM. Economic conditions in Hawaii remained positive in 2Q16.
$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.