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Liquidating direct investments of $LEN in Rialto had a loss of $1.9MM in 3Q15; continues to increase cash flow by monetizing these investments. In Multifamily, $LEN had a $3MM operating loss related to G&A expenses, partially offset by management fees and the $5.7MM share of a gain from the sale of one of $LEN's operating properties.
$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.