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$USB, which competes with $WJC, $JPM and $BAC said its 4Q15 total avg. loans grew by 4.1% adjusted for student loans and avg. deposits grew 7.7% YoverY. Credit quality was strong with net charge offs and non-performing assets declining on a YoverY basis. Consumer loans showed positive momentum led by credit card and auto loans.
$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.