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$WRB expects to report a pre-tax gain of approx. $130MM from the sale of an investment in its alternative portfolio in 3Q16. During 2Q16, the company announced the creation of a high net worth personal lines business and the formation of Berkley Insurance Asia. $WRB expects to announce other new ventures during the balance of 2016.
$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.