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Drilling contractor $DO reported operating loss of $294.1MM in 2015 versus operating income of $572.6MM in 2014, mainly due to an impairment loss in 2015 and a net reduction in rig operating results. Contract drilling revenue fell 14% in 2015, mainly due to a decrease in revenue earned by the combined mid-water and jack-up fleets.
$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.