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$CME's 4Q15 average daily volume was 13.2MM contracts, down 11% from 4Q14. Clearing and transaction fee revenue were $679MM, down 5% from last year. Total average rate per contract was $0.789, up from $0.759 in 3Q15, driven mainly by an increased proportion of the volume from higher paying non-members during 4Q15 and strong energy volume.
$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.