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Energy infrastructure company $KMI reported a net loss for 3Q16 hurt by a $405MM unfavorable charge in certain items, including a partial equity investment writedown in MEP and a non-cash book tax expense related to the SNG deal. Net loss was $227MM or $0.10 per share versus a net income of $186MM or $0.08 per share in 3Q15. Revenues were $3.3Bil.
$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.