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Revenue and profits for investment bank $MS tumbled in 3Q15. It reported a 42% dip in earnings due to volatility in global markets, which impacted its fixed income business and Asia merchant banking business. EPS was $0.48 on net revenues of $7.8Bil, reflecting a 14% YoverY drop in revenues.
$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.