U.S. shale oil’s Achilles heel shows signs of mending
HOUSTON (Reuters) – Since the beginning of the U.S. fracking revolution, oil producers have struggled with a vexing problem: after an initial burst, crude output from new shale wells falls much faster than from conventional wells.
Around 20 banks, unfazed by Brexit, to invest 500 million sterling in Britain: PwC
LONDON (Reuters) – Around 20 startup banks and financial firms have reaffirmed plans to invest a total of up to 500 million pounds ($664.95 million) to open in Britain, consulting firm PwC said on Friday.
Hershey rejects $23 billion Mondelez takeover offer
(Reuters) – Hershey Co said on Thursday it had rejected a $23 billion takeover bid by Mondelez International Inc that would seek to expand the latter’s limited U.S. footprint and create the world’s largest confectioner.
U.S. opens investigation in Tesla after fatal crash in Autopilot mode
WASHINGTON (Reuters) – A fatal accident in which the driver of a Tesla Motors Inc Model S car operating in Autopilot mode was killed in a collision with a truck has prompted an investigation by federal highway safety regulators, the U.S. government an…
Oracle ordered to pay HP $3 billion in Itanium case
SAN FRANCISCO (Reuters) – A California jury ordered Oracle Corp to pay Hewlett-Packard Enterprise Co $3 billion in damages in a case over HP’s Itanium servers, an Oracle spokeswoman said on Thursday.
BHP says will fight $6 billion claim over Samarco disaster
SYDNEY (Reuters) – BHP Billiton on Friday said it would appeal against the decision by a Brazilian court to reinstate a $6 billion public civil claim over last year’s Samarco iron ore mine disaster.
Disney to buy stake in MLB’s video unit, valuing unit at $3.5 billion: Bloomberg
(Reuters) – Walt Disney Co has agreed to buy a 33 percent stake in the video unit of Major League Baseball’s digital arm, MLB Advanced Media, in a deal that values the business at about $3.5 billion, Bloomberg reported, citing a person familiar with th…
Exclusive: Toyota Industries, Honeywell in bid to buy Intelligrated – sources
(Reuters) – Japan’s Toyota Industries Corp is competing against U.S. diversified industrial conglomerate Honeywell International Inc to acquire U.S. distribution systems and logistics company Intelligrated Inc, people familiar with the matter said.
Volkswagen believes it can fix 85,000 polluting U.S. vehicles
SAN FRANCISCO/WASHINGTON (Reuters) – A lawyer for Volkswagen AG said at a court hearing Thursday the German automaker believed it could fix 85,000 polluting 3.0-liter VW, Audi and Porsche diesel cars and SUVs, a move that could help the company avoid …
Philippine mining set for bumpy ride under Duterte administration
MANILA (Reuters) – After the Philippines became the top supplier of nickel ore to China in the last two years, its struggling mining industry may have felt like it was turning a corner.
