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Oilfield services company $BHI reported a 4Q15 loss compared to a profit last year, due to lower global rig count and declining commodity prices. Net loss was $1.03Bil or $2.35 per share compared to a profit of $663MM or $1.52 per share last year. Revenue dropped to $3.39Bil from $6.64Bil. Non-GAAP loss per share was $0.21 for 4Q15.
$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.