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$PNC's avg. loans grew in 2015, helped by rise in avg. commercial loans of $5.7Bil and avg. commercial real estate loans of $2.5Bil. These increases were partially offset by a decrease in consumer loans of $2.4Bil primarily attributable to lower home equity and education loans. Loans represented 66% of avg. interest-earning assets for 2015.
$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.