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Revenues of $MS's Investment Management division fell 64% sequentially in 3Q15. $MS transferred certain portfolio managers and their portfolios from Wealth Management to Investment Management to better align $MS's capabilities with client demand. This move allows the portfolio management teams to distribute their strategies in multiple vehicles.
$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.