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$EXC's PECO adjusted operating earnings fell to $79MM in 4Q15 from $99MM in 4Q14 due to unfavorable weather. BGE adjusted operating earnings rose to $74MM from $53MM, primarily due to increased distribution revenues and increased transmission revenue. Due to decoupling, BGE are not affected by actual weather with exception of major storms.
$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.