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For 1Q16, $D's Dominion Virginia Power segment posted EBITDA of $385MM, which was in the lower half of the guidance range. Dominion Generation EBITDA was $610MM. Lower OpEx offset lower merchant margins and lower-than-expected kilowatt hour sales helped Virgina Power. Dominion Energy EBITDA was $377M in 1Q16, driven by lower OpEx.
$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.