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The insurance businesses of $BRK.A $BRK.B generated after-tax earnings from underwriting of $1.2Bil in 2015, a decline of $530MM from 2014, which reflected rising claim costs at GEICO and lower earnings from its reinsurers, partially offset by increased earnings from its other primary insurance operations.
$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.