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$NAVI 2Q15 Q&A: Sakhrani of KBW asked about NIM & FFELP NIM guidance and about cost of fund assumptions. Jack answered that NIM guidance for the rest of 2015 is between 81-85 BP. Given that the vast majority of portfolio is now funded to term, believes that cost of funds element for the rest 2015 is pretty much locked in.
$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.