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$LNC 3Q15 earnings dropped 48% to $227MM, or $0.87 per diluted share compared to a year-ago period. Income from operations fell 30% to $289MM, or $1.11 per diluted share compared with third quarter of 2014. Excluding net unfavorable items of $0.55 related to DAC and reserve assumptions and legal expenses, earnings from operations up 10% per share.
$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.