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Natural gas producer $COG said at March 31, 2016, it did not have any projects that had exploratory well costs capitalized for a period of greater than 1 year after drilling. In Feb. 2016, $COG completed the divestiture of some proved & unproved oil and gas properties in east Texas for approx. $55.9MM and recognized a $1.4MM gain on sale of assets.
$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.