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$IVZ 2Q15 Call: Performance fees came in 2Q15 at $13.1MM. Other revenues in 2Q15 were $37.9MM, which was an increase of $6.7MM and that line item benefited from a higher level of real estate transaction fees. Third-party distribution, service and advisory expense, which we net against gross revenues, increased by $14.9MM or 3.7%.
$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.