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$MUR's capex budget for 2016 went through significant revision and capex in 2016 is expected to be well below 2015 levels, at a total of approx. $580MM. $MUR currently expects production in 2016 to avg. between 180,000-185,000 BOEPD. This level of production is less than 2015 primarily due to a significantly lower capital spending program in 2016.
$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.