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$LM's total net client outflows for 3Q16 were $13.3Bil, with $2.4Bil of net client outflows from long-term asset classes and $10.9Bil of net client outflows from the liquidity asset class. Net long-term asset outflows were comprised of equity net outflows of $4.6Bil, offset in part by fixed income net inflows of $2.2Bil.
$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.