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$WTFC's total non-performing assets, excluding covered assets for 3Q16 declined by $8MM. This results in non-performing assets as a percentage of total assets dropping from 0.52% to 0.47% during the period. In addition, the allowance for loan losses as a percentage of non-performing loans, excluding covered loans, grew to 142% during 3Q16.
$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.