Pressured for profit, oil majors bet big on shale technology
HOUSTON (Reuters) – Shale oil engineer Oscar Portillo spends his days drilling as many as five wells at once – without ever setting foot on a rig.
Activist White Tale to take demands to Clariant shareholders
ZURICH (Reuters) – Activist investor White Tale said it would take its demands directly to Clariant’s shareholders after the chemicals maker snubbed its request for an independent strategic review and three seats on its board of directors.
Global crypto-currency crackdown sparks search for safe havens
NEW YORK (Reuters) – When U.S. entrepreneur Bharath Rao looked around for the best place to raise money for his crypto-currency derivatives trading business, the United States did not make his list. Instead he chose the East African island nation Seych…
Oil prices fall on pipeline restart, uncertainty over OPEC output cuts
SINGAPORE (Reuters) – Oil prices slipped in Asian trade on Tuesday amid uncertainty over a possible extension of output cuts by major crude producers and expectations of higher supply as the Keystone pipeline restarts.
Japan’s Toray reports data falsification at materials unit
TOKYO (Reuters) – Japan’s Toray Industries on Tuesday revealed 149 cases of quality data falsification at a materials-making subsidiary spanning eight years, in the latest quality-assurance scandal to hit a Japanese manufacturer.
Cyber Monday sales jump 17 percent, on pace for record
(Reuters) – Cyber Monday was on track to become the biggest-ever internet shopping day in the United States as people snapped up bargains on toys and electronics, with many more buying from their phones.
Toyota taps Denso exec as CFO in latest management shuffle
TOKYO (Reuters) – Toyota Motor Corp on Tuesday appointed a senior official at its biggest parts supplier as a top executive, promoting cooperation with its group companies as it pushes to compete in developing lower-emission cars and automated driving…
SoftBank offers to buy Uber shares at 30 percent discount
SAN FRANCISCO (Reuters) – Japan’s SoftBank Group Corp is offering to purchase shares of Uber Technologies Inc at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said on …
Asian shares fall from decade peak as China falters
SYDNEY (Reuters) – Asian shares stepped back from decade highs on Tuesday as Chinese stocks stumbled for a second straight session, while the U.S. dollar trod water ahead of a crucial Senate vote on tax reform.
SoftBank offering to buy Uber shares at 30 percent discount
SAN FRANCISCO (Reuters) – Japan’s SoftBank Group Corp is offering to purchase shares of Uber Technologies Inc at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said on …
