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$LUK said its 1Q16 loss reflects Jefferies' $245.8MM loss in 1Q, a $53.2MM reduction to fair value of FXCM investment, and difficult investing environment for certain Leucadia Asset Management platforms. This was offset by solid results from National Beef, continuing strong performance from both Berkadia and Garcadia, and higher HRG stock price.
$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.