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$JPM 2Q15 Call-CFO: CIB reported net income of $2.3Bil on revenue of $8.7Bil and ROE of 14%, reflecting strong result in mixed environment. In Banking, IB revenue of $1.7Bil up 4% YonY. We continue to rank number one in Global IB fees with 8.2% share. We’re at number one in season North America & EMEA & gained share improving to number two in Asia.
$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.