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$XOM 2Q15 Call: In 1H15, cash flow from operations and asset sales were $17.9Bil. CapEx was $8.3Bil, in line with plan. At quarter-end cash totaled $4.4Bil and debt was $33.8Bil. Over 2Q15 cash decreased from $5.2Bil to $4.4Bil. Lower Upstream earnings were partially offset by stronger downstream and Chemical results.
$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.