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$CB said that adjusted income for 2Q16 was $816MM. The company said that its book value per share was up 2.7% in the quarter and stands at $101.56. For the year, per share book value was up over 13%. $CB said that total P&C net premiums in the quarter on a constant dollar basis fell 4.7%, with commercial net premiums for North America being flat.
$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.