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$BK said it is using the forward rate curve assumptions and expects a modest increase in NIR and NIM in 1Q16. $BK expects total expense growth to be 1-2% next year and expects tax rate for the full year to be about 25-26%. In 1Q16, $BK expects a $15MM increase in bank assessment charges and expects the same for the full year.
$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.