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Financial holding company $MS reported an increase in 3Q16 earnings helped by higher revenues and strong performance in Sales and Trading. Net income applicable to shareholders was $1.51MM, up 62% compared to 3Q15. Diluted EPS rose 69% to $0.81 versus 3Q15. Net revenues increased 15% to $8.9Bil from last year.
$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.