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$MET's operating earnings in Europe, the Middle East and Africa (EMEA) fell 10%, and 3% on constant currency basis. The 1Q15 benefitted from favorable underwriting margins and lower expenses. Volume growth in 1Q16 was in line with forecast. Operating return on allocated equity was 7.8% and operating return on allocated tangible equity was 13.5%.
$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.