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$XL 2Q15 Call: Operating net income for 2Q15 was $246MM or $0.84 per share on a fully diluted basis compared to $280MM in 2Q14 or $1.02 per share. During 2Q15 we excluded $37MM in Catlin deal-related transaction costs from operating income and included $28MM in integration costs. Our P&C combined ratio was 89.9% or 1.6 points higher from 2Q14.
$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.