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In 1Q16, $XL's strategic and other operating affiliates earned $13MM compared to $23MM in 1Q15, due primarily to the sale of ARX Holdings. Net realized losses excluding derivatives were $8MM. Unrealized net gains were $939MM at the end of 1Q16 including other investments. Total ROI was 1.7% excluding FX.
$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.