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In 3Q15, $HES completed the sale of approx. 13,000 acres of Utica dry gas acreage for a sales price of approx. $120MM. The transaction resulted in a pre-tax gain of $49MM or $31MM after income taxes. $HES received approval for an international investment incentive in 3Q15 due to which it recognized a tax benefit of $50MM.
$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.