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$PNC said the guidance overall for 4Q16 is for stable fee income. Within this, asset management and consumer services are expected to be up while corporate services and residential mortgage are expected to be down slightly. Corporate services will be down due to elevated M&A fees and residential mortgage due to seasonality.
$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.