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$MS's investment banking revenue for 3Q15 plunged by 38% from last year, on lower underwritten offerings distribution revenue. Trading revenues dropped 75%, on losses from deferred compensation plans and lower fixed income products revenue. Commissions and fees revenues fell 8% on lower revenues from equity, mutual fund and annuity products.
$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.