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$PRU stated that earnings for its life planner business were $381MM for 2Q16, compared to $392MM a year ago. Excluding a $22MM negative impact of foreign currency exchange rates, earnings increased by $11MM from a year ago. Mortality experience in 2Q16 was essentially unchanged from 2Q15 and about $10MM more favorable than average expectations.
$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.