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At March 31, 2016, $FITB's CDC investments included $1.3Bil of investments in affordable housing tax credits recognized in other assets in the condensed consolidated balance sheets. Unfunded commitments related to these investments were $319MM at March 31, 2016. The unfunded commitments as of March 31, 2016 are expected to be funded from 2016-2033.
$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.