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Eagle Ford General Electric Co president Tech Top News Warwick Energy 

Big Oil turns to big data to save big money on drilling

June 23, 2017 By Swetha Gopinath and Liz Hampton (Reuters) – In today’s U.S. shale fields, tiny sensors attached to production gear harvest data on everything from pumping pressure to the heat and rotational speed of drill bits boring into the rocky earth. The sensors are leading Big Oil’s mining of so-called big data, with some firms envisioning billions of dollars in savings over time by avoiding outages, managing supplies and identifying safety hazards. The industry has long used sophisticated technologies to find oil and gas. But only recently have…

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Business China Eastern Paris Air Show president Russian 

Beyond air show, newcomers challenge Airbus-Boeing duopoly

June 22, 2017 By Matthias Blamont and Victoria Bryan PARIS (Reuters) – This year’s Paris Air Show was dominated by the annual order battle between Airbus and Boeing , but industry executives said the duopoly will be forced to share the stage at future shows as newcomers from Russia, China and Japan muscle into the passenger plane market. Japan’s Mitsubishi Aircraft Corp brought its MRJ regional jet to Europe for the first time during the air show. China and Russia carried out maiden flights of new narrow-body aircraft last month…

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Japan president Tech Tokyo High Court Top News Universal Entertainment 

Japan’s Universal accuses founder Okada of improper loan

June 9, 2017 By Nathan Layne (Reuters) – Universal Entertainment Corp , a Japanese maker of slot machines, said on Thursday it was investigating what it suspects was an improper transfer of funds by Kazuo Okada, its founder and chairman, to a company he controls. In a statement on Universal’s website issued under the name of the company’s president, Universal said it had found the possibility of “fraudulent acts” related to a 2015 loan of HK$135 million ($17.31 million) to an unnamed third party. The statement says that all but…

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Aviation Safety Network Business Dreamliner Mike Sinnett president 

Boeing studies pilotless planes as it ponders next jetliner

June 8, 2017 By Alwyn Scott SEATTLE (Reuters) – Boeing Co is looking ahead to a brave new world where jetliners fly without pilots and aims to test some of the technology next year, the world’s biggest plane maker said in a briefing ahead of the Paris Airshow. The idea may seem far-fetched but with self-flying drones available for less than $1,000, “the basic building blocks of the technology clearly are available,” said Mike Sinnett, Boeing’s vice president of product development. Jetliners can already take off, cruise and land using…

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Ford set to fire CEO Mark Fields as shares founder: source

May 22, 2017 By Laurence Frost and David Shepardson PARIS/DETROIT (Reuters) – Ford Motor Co is expected to announce the departure of Chief Executive Mark Fields in a broad management shake-up, a company source said – a move that reflects growing investor unease over the company’s stock market performance and outlook. Forbes and the New York Times reported that James Hackett, 62 and chairman of the Ford unit that works on autonomous vehicles, would take the helm. An announcement could come as early as Monday. Ford shares are down nearly…

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Samsung Electronics says will continue looking for M&A opportunities

May 22, 2017 (Reuters) – Tech giant Samsung Electronics Co Ltd will continue looking for acquisition opportunities, a company executive said on Monday, as the firm seeks to build software and services to further differentiate its products. “We are going to be bullish on finding companies that fit our strategy,” Peter Koo, a senior vice president for Samsung’s mobile division, said during an investor event in Hong Kong. He did not elaborate on specific targets or technologies that Samsung is looking to acquire. The world’s top maker of memory chips,…

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Brazil’s leader lambastes bribe accusations made by meat titans

May 20, 2017 By Lisandra Paraguassu BRASILIA (Reuters) – Brazilian President Michel Temer on Saturday angrily challenged a recorded conversation implicating him in a corruption probe, saying he would continue as president and asking the Supreme Court to verify the integrity of the recording. “Brazil will not be derailed,” he said during a speech at the presidential palace, reiterating that he would not resign despite an ongoing investigation authorized by the Supreme Court into allegations he took bribes and condoned the payment of hush money to a jailed congressman. Temer,…

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Macron’s popularity similar to predecessors as mandate kicks off: poll

May 20, 2017 PARIS (Reuters) – The popularity of France’s new president is around the same as his immediate predecessors when they took office, an Ifop poll showed on Sunday, in contrast to a survey that found Emmanuel Macron had the lowest confidence ratings in more than 20 years. Some 62 percent of the people polled said they were satisfied with Macron, just above his socialist predecessor Francois Hollande’s 61 percent rating in May 2012 but below conservative Nicolas Sarkozy in 2007 who stood at 65 percent, the Ifop poll…

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Oscars chief Boone Isaacs steps down from governors board

May 13, 2017 LOS ANGELES (Reuters) – The departing president of the Academy of Motion Picture Arts and Sciences, which organizes the Oscars, said on Friday she is also stepping down from the board of governors. The announcement by Cheryl Boone Isaacs that she is not seeking re-election to the board follows controversies over diversity at the Oscars and a blunder over the best picture winner at this year’s glittering awards show. Boone Isaacs, the Academy’s first African-American president, is departing after serving 24 years on the board of the…

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Asia stocks rise for third day on earnings; dollar stalls on Comey sacking

May 10, 2017 By Saikat Chatterjee HONG KONG (Reuters) – Asian stocks edged higher for a third consecutive day on Wednesday as investors focused on strong corporate earnings and the dollar gave back some of its recent gains. U.S. President Donald Trump’s abrupt dismissal of FBI Director James Comey prompted some unwinding of risky bets in early Asian trading but strategists said investors were cheered by a strong slate of corporate earnings, reflecting the cyclical rebound in the first quarter of 2017 was still in place. European stocks are set…

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