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$JPM, that competes with other big banks like $BAC and $WFC, said its overall net interest income (NII) grew about $300MM in 4Q15, driving a 7 BP improvement in net interest margin (NIM). For 1Q16, the firm expects its NII and NIM to be flat to up slightly on higher rates. For full year 2016, $JPM expects to deliver about $2Bil of incremental NII.
$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.