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Bank holding company $CBSH reported a decline in 2Q16 earnings due to loss on investment securities and a rise in non-interest expenses. Net income fell to $67.64MM or $0.70 per share from $72.1MM or $0.72 per share last year. Revenue grew to $288.4MM from $277.9MM, on higher loan interest and rise in interest on inflation-protected securities.
$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.