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Insurer $AFL reported a 3.9% rise in 4Q15 earnings driven by lower costs and expenses despite a 3.5% fall in revenue. Net income rose to $730MM or $1.71 per share from $703MM or $1.57 per share last year. Revenue slid to $5.32Bil from $5.51Bil, due to weaker JPY/USD exchange rate. Operating EPS increased by 20.9% to $1.56.
$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.