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In Dec., $NOV reached a confidential settlement with one of its shipyard customers in Brazil to cancel 7 floating rigs being constructed which reduced backlog by nearly $1.2Bil and led to an year-end backlog of $6.1Bil for the Rig Solutions segment. At year-end, this backlog includes $1.75Bil for the remaining 15 rigs across 3 shipyards in Brazil.
Does anyone feel $SBUX CEO Schultz stepping down could prove a disaster for the company?
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.