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Insurance holding company $TMK reported a decrease in net income to $133MM or $1.07 per share in 4Q15 compared to $146.7MM or $1.13 per share in 4Q14 hurt by losses on investments and by the Part D divestiture adjustments. Net operating income rose to $131.1MM or $1.05 per share from last year. Insurance premium revenue was $756.1MM in 4Q15.
$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.