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$NOV's Rig Systems decremental leverage was 28% in 3Q15 on a 23% sequential sales decline. Rig Aftermarket's operating profit was flat despite unexpectedly high 13% revenue decline. Wellbore Technologies held decrementals to 21% despite a 13% sequential sales decline. Completion & Production Solutions held decrementals to 24% on a 9% sales decline.
$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.