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$HES said that its 2016 E&P capital and exploratory budget would be about $2.4Bil, which is a 40% reduction from its 2015 actual spend of $4Bil and about 20% below preliminary 2016 guidance of $2.9-3.1Bil provided in Oct. 2015. For 2016, net production is forecast to average between 330-350k barrels of oil equivalent per day in 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.