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$BEN 3Q15 Call: The impact of non-operating items decreased net income to $504MM and diluted EPS to $0.82. Investment management fees remained essentially unchanged at about $1.3Bil. Sales and distribution revenues were $567MM. Shareholder servicing fees were about $67MM and relatively unchanged over 2Q15. Other revenue was about $27MM.
$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.