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$AIG's Consumer Insurance pre-tax operating income for 4Q15 decreased 18% to $753MM, which reflected lower net investment income due to lower returns on alternative investments in hedge funds, primarily in Retirement, and fall in underwriting income in Personal Insurance, mainly due to less favorable net prior year loss reserve development.
$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.