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$GS' revenue in Investment Management fell by 15% to $1.35Bil from the previous year quarter. The decline primarily reflected significantly lower incentive fees. In addition, management and other fees were slightly lower, on shifts in the mix of client assets and strategies, partially offset by impact of higher average assets under supervision.
$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.