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Petroleum driller $HP reported 4Q15 net loss of $21MM, or $0.20 per share, hurt by after-tax losses of $0.24. Operating revenues fell 43% to $566MM as a sharp decline in oil prices slowed down drilling. The decline in drilling and pricing led to sharp reductions in personnel, expenses and investments, said CEO John Lindsay.
$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.