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For the first nine months of 2015, $STI's total provision for loan losses fell $168MM or 61% vs. the same period in 2014. This decline was largely driven by the further improvement in asset quality and lower net charge-offs in the residential loan portfolio. $STI expects 4Q15 provision expense to increase relative to 3Q15.
$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.