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$SYF posted lower earnings in 2Q16, hurt by higher provision for loan losses compared to 2Q15. Net earnings attributable to common stockholders were $489MM or $0.58 per diluted share compared to $541MM or $0.65 per diluted share last year. Net interest income rose $305MM or 10% to $3.2Bil, mainly driven by strong loan receivables growth.
$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.