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For full year 2016, $PBCT has lowered its loan growth range from 6-8% to 4-6%. The company has lowered the net interest income growth range from 7-9% to 5-7%. Net interest margin is expected to be 2.75-2.85%. Total expenses are expected to be $860-870MM, excluding merger-related costs.
$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.