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Bank holding company $HBAN reported a lower 2Q16 profit, hurt by expenses. The company reported latest quarter earnings of $175MM, or $0.19 per share, compared with earnings of $196MM, or $0.23 per share a year ago. Non interest expense rose 6% to $32MM, including $21MM of FirstMerit acquisition-related expenses, the company said.
$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.