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$SLB 1Q15 10-Q: On Jan. 20, 2015, SLB announced that it has entered into an agreement to acquire a minority ownership of approx. 46% in Eurasia Drilling Company Limited, the largest provider of onshore drilling services in Russia. This transaction is expected to close during 2Q15 and total cost of the transaction is approx. $1.7Bil in cash.
$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.