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$RDC said the agreement provides that the drilling contract will be terminated immediately, and Freeport will pay $RDC $215MM in cash to settle outstanding receivables and early termination of the contract. $RDC may also receive additional contingent payments from Freeport of $10MM and $20MM, depending on average price of oil over 12-month period.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.
Wanna know what $TSLA announced yesterday? Watch the video!! Tesla Self-Driving Car Level 5 Autonomy. This is crazy!!
Construction equipment supplier $URI reported that in U.S., the employment report for September was encouraging. Geographically, the company is experiencing growth in the east and west coast regions. $URI added that in Canada, the economy is challenging. Rental revenue from Canada was down approx. 10% in 3Q16.