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$PXD 2Q15 PR: Outlook for 3Q15: Production costs are expected to average $11.50-13.50 per BOE. DD&A expense is expected to average $18-20 per BOE. Total exploration and abandonment expense is forecasted to be $25-35MM. General & administrative expense is expected to be $80-85MM and interest expense is expected to be $45-50MM.
$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.