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$BK 2Q15 Q&A: Usdin of Jefferies asked how much excess deposits the company had on hand. Todd said that the company would estimate that there is probably about $50-70Bil of excess deposits, but what will happen with those deposits is going to depend on the course of monetary policy.
$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.