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Elon Musk-backed AI startup and Microsoft sign cloud agreement
November 15, 2016 by elegant · Leave a Comment
(Reuters) – OpenAI, the non-profit artificial intelligence (AI) research firm backed by Tesla Motors Inc’s Elon Musk and other prominent tech executives, has signed an agreement to run most of its large-scale experiments on Microsoft Corp’s flagship cloud service, Azure. OpenAI will use Azure for its experiments in deep learning and AI, and Microsoft will collaborate with the company …
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Elon Musk-backed AI startup and Microsoft sign cloud agreement
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Exxon in negotiations with Chad over record $74 billion fine: Bloomberg
November 15, 2016 by creative · Leave a Comment
Exxon has appealed the Oct. 5 court ruling, but the appeals court hearing has been delayed because of the talks, Bloomberg reported, citing a lawyer for Exxon. The court decision fined a consortium led by Exxon over 44 trillion CFA francs
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Exxon in negotiations with Chad over record $74 billion fine: Bloomberg
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BP approves investment in Egypt gas field 15 months after discovery
June 20, 2016 by admin · Leave a Comment
British oil major BP has approved investment in the first phase of developing the large Atoll gas field offshore Egypt, only 15 months after it first announced its discovery. BP, which declined to give an investment figure for the project, said the field was on track to deliver its first gas in the first half of 2018, set to pump 300 million cubic feet a day of gas to the Egyptian market. BP decided in November to fast-track the development of Atoll, estimated to contain 1.5 trillion…
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BP approves investment in Egypt gas field 15 months after discovery
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Russia’s Gazprom eyes asset swap deals with Shell, OMV by year-end
June 20, 2016 by elegant · Leave a Comment
Russia's state-controlled gas giant Gazprom could gain control over some of the assets that Shell acquired earlier this year from BG group, a senior Gazprom executive said in an interview. Gazprom's Deputy Chief…
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Russia’s Gazprom eyes asset swap deals with Shell, OMV by year-end
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Trump criticizes GM for Mexico investments
June 8, 2016 by creative · Leave a Comment
Republican presidential candidate Donald Trump rebuked General Motors Co on Tuesday, widening his criticism of American companies that have invested in Mexico. Trump has made criticism of Ford Motor Co a staple of his campaign speeches for more than a year, repeatedly suggesting that the…
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Trump criticizes GM for Mexico investments
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Valeant CEO cuts outlook for ‘distracted’ company, shares plunge
June 8, 2016 by elegant · Leave a Comment
Valeant Pharmaceuticals International Inc slashed its 2016 forecasts on Tuesday, as its new chief executive said he would focus on rebuilding the reputation of a “distracted organization” with a debt-loaded balance sheet. The maker of toenail fungus cream Jublia and anti-depressant drug Wellbutrin, which has faced intense scrutiny for business and accounting practices, missed first-quarter profit estimates on weakness in its dermatology business.
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Valeant CEO cuts outlook for ‘distracted’ company, shares plunge
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Oil hits 2016 high on U.S. draw forecasts, Nigeria woes
June 8, 2016 by admin · Leave a Comment
Oil prices jumped more than 1 percent on Tuesday, hitting 2016 highs, with U.S. crude settling above $50 a barrel the first time in almost a year, on expectations of domestic stockpile draws and worries about global supply shortfalls from attacks on Nigeria'
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Oil hits 2016 high on U.S. draw forecasts, Nigeria woes
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As Big Oil shrinks, boards plot different paths out of crisis
February 7, 2016 by admin · Leave a Comment
By Ron Bousso and Terry Wade LONDON/HOUSTON (Reuters) – As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis. Crude prices have tumbled around 70 percent over the past 18 months to around $35 a barrel, leading to five of the world's top …
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As Big Oil shrinks, boards plot different paths out of crisis
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Exclusive: Some Ambac shareholders call on CEO to quit, cite delays in paying claims – sources
January 14, 2016 by elegant · Leave a Comment
Three of Ambac Financial Group Inc's top ten shareholders are calling on its new CEO Nader Tavakoli to step down, according to people familiar with the matter. One of the reasons they give is that he is slow to settle $4 billion in insurance claims in which at least two of them have an interest, the sources said. The policy claims relate to complex financial
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Exclusive: Some Ambac shareholders call on CEO to quit, cite delays in paying claims – sources
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Chipotle ‘confident’ it can stop outbreaks, shares rise
January 14, 2016 by publisher · Leave a Comment
By Lisa Baertlein and Noel Randewich LOS ANGELES/SAN FRANCISCO (Reuters) – Chipotle Mexican Grill Inc executives on Wednesday said they are confident that steps they are taking to tighten food safety at the popular burrito chain will prevent…
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Chipotle ‘confident’ it can stop outbreaks, shares rise