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$AFL 2Q15 Call: Quarterly operating ratios benefits to total revenue declined slightly compared to last year going from 60.6 to 60.5 in the second quarter. Excluding the impact of the weaker Yen, the benefit ratio for the quarter would have been 61.3%. Reinsurance had 110 basis points positive impact on the benefit ratio in the quarter.
$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.