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$BBT said that 4Q15 net charge-offs rose slightly to 38 BP, led by higher charge-offs at Regional Acceptance, which accounted for about half of the total net charge-offs. The company expects 1Q16 charge-offs to be in the range of 35-45 BP. Allowance coverage ratios were 2.83 times for charge-offs and 2.53 times for NPLs.
$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.