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$LM's total operating revenues for 3Q16 decreased by 8% from the previous year quarter. This decline was primarily due to the impact of a 4% decrease in average asset under management or AUM, a reduction in operating revenue yield, excluding performance fees, from 39 basis points to 38 basis points, and a decline in performance fees.
$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.