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$DO, which competes with $NE and $RIG, said that 4Q15 contract drilling revenues dipped from $599MM in 3Q15 to $544MM, hurt by a number of rigs rolling off contract in mid-to-late 3Q15 or early 4Q15 and failing to find follow-on work in the depressed market. Partially offsetting the decline was the additional revenue received by Ocean BlackRhino.
$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.