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Non-interest expense of $2.7Bil, was down 10%, excluding litigation and restructuring charges. $BK repurchased 15.8MM common shares for $690MM in 3Q15 and return on tangible common equity was 21% vs. 26.2% in 3Q14. $BK posted effective tax rate of 25.4% during 3Q15.
$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.