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Investment management firm $EV posted 2Q16 net income of $54.97MM or $0.48 per diluted share vs. $70.38MM or $0.58 per diluted share in 2Q15. Adjusted diluted EPS was $0.48 for the quarter. Revenue fell 8% to $0.32Bil during the quarter vs. $0.35Bil in 2Q15, hurt by lower investment advisory and administrative fees of 2%.
$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.