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$DVN 2Q15 PR: Devon Energy reported net loss of $2,816MM vs. net earnings of $675MM in 2Q14. Core earnings were $320MM, or $0.78 per diluted share vs. $89MM or $0.22 per diluted share in 1Q15. Total oil production averaged 270,000 barrels per day, up 32% vs. 2Q14. Total operating revenues were $3,393MM vs. $4,510MM in 2Q14.
$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.