Baker Hughes Offers GE Chance to Unlock Tech in Dusty Oil Fields
It wasn’t the dusty old oilfield machinery that drew General Electric Co. to make its play for Baker Hughes Inc. It was the chance to digitize.As today’s oil patch is increasingly stocked with underwater robots, remote sensors and electronic underground pumps that help lift crude in sagging wells, the world’s biggest oil service companies are turning to partnerships that will give them an edge in the technology arms race.To survive a world of lower oil prices for a longer period of time, explor..>> view originalDonald Trump Used Legally Dubious Method to Avoid Paying Taxes
As that empire floundered in the early 1990s, Mr. Trump pressured his financial backers to forgive hundreds of millions of dollars in debt he could not repay. While the cancellation of so much debt gave new life to Mr. Trump’s casinos, it created a potentially crippling problem with the Internal Revenue Service. In the eyes of the I.R.S., a dollar of canceled debt is the same as a dollar of taxable income. This meant Mr. Trump faced the painful prospect of having to report the hundreds of milli..>> view originalShell Smashes Estimates as BG Acquisition Drives Up Output
Royal Dutch Shell Plc reported third-quarter profit that beat analyst estimates after its acquisition of BG Group Plc boosted oil production, helping to counter a slump in prices.Profit adjusted for one-time items and inventory changes advanced 17 percent from a year earlier to $2.79 billion, The Hague-based Shell said Tuesday. That exceeded the $1.79 billion average estimate of 14 analysts surveyed by Bloomberg, and the earnings of U.S. giant Exxon Mobil Corp.Chief Executive Officer Ben Van Be..>> view originalPeter Thiel and The Trump Bubble
Why is PayPal co-founder and venture capitalist Peter Thiel backing Donald Trump for president? After listening to Thiel explain his position at the National Press Club on Monday, one might conclude that it has much to do with the eccentric billionaire’s dark obsession with bubbles. Latest from Politics Comey's Actions Are Just the Latest Symptom of Trumpism Immigration bubbles, housing bubbles, dotcom bubbles, stock bubbles, trade bubbles, war bubbles—Thiel ..>> view originalThe criminal probe into Valeant's former CEO raises 2 big questions
Pearson testifies about price spikes in decades-old pharmaceuticals before a hearing of the U.S. Senate Special Committee on Aging on Capitol Hill in Washington, U.S. Thomson Reuters Former Valeant Pharmaceuticals CEO Michael Pearson is under a criminal investigation in connection to alleged fraud at the company he helmed, Bloomberg reported. The investigation is being helmed by US prosecutors in Manhattan and also includes former Valeant CFO Robert Schiller. Foll..>> view originalTransit strike begins, sending commuters scrambling
A train moves along the Market-Frankford Line in Philadelphia, Wednesday, Oct. 26, 2016. Transit workers went on strike early Tuesday, Nov. 1, in Philadelphia, shutting down bus, trolley and subways that provide about 900,000 rides a day and raising ...>> view originalAsian stocks post modest gains on China's stronger factory activity
By Saikat Chatterjee | HONG KONG HONG KONG Asian stocks bounced on Tuesday, erasing early losses, helped by stronger-than-expected factory activity in China but investors stayed largely to the sidelines as the U.S. presidential election campaign entered its final week.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, after earlier hitting its lowest level since Sept. 19, an impressive intraday turnaround of nearly one percent. October marked the first monthly loss ..>> view originalBP Profit Slides 49% on Weaker Oil Refining, Beats Estimates
BP Plc reported a 49 percent decline in third-quarter earnings after crude prices fell and refining margins shrank.Profit adjusted for one-time items and inventory changes dropped to $933 million from $1.8 billion a year earlier, the London-based company said Tuesday in a statement. That beat the $719.2 million average estimate of 14 analysts surveyed by Bloomberg.BP’s earnings have fallen year-on-year for nine consecutive quarters, piling pressure on Chief Executive Officer Bob Dudley to rein ..>> view originalA Guy in Dubai Spent $9 Million on a License Plate for His Rolls-Royce
Dubai-based Indian property developer Balwinder Sahni considers himself “a simple man”—his two Rolls-Royce rycey cars with single digit license plates not withstanding. According to the Independent, Sahni paid $9 million during a government auction for a highly coveted number “5” license plate. He is one of several high-rollers in the United Arab Emirates doling out large sums of cash for single digit license plates. This guy was so happy after winning at an auction for license plates...>> view original
Tuesday, November 22, 2016
Baker Hughes Offers GE Chance to Unlock Tech in Dusty Oil Fields and other top stories.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment