A drifting barge was about an hour away from hitting BP’s oil installations at the Valhall oilfield in the North Sea, a spokesman said on Thursday. When asked about the risk of an oil spill, company spokesman Jan Erik Geirmo said: “It depends on which platform the barge hits as there are several installations in …
Investor enthusiasm for highly valued private tech companies waned substantially in the fourth quarter last year, with new data revealing that the growth of the so-called ‘unicorn’ herd slowed dramatically. Just nine tech companies last quarter became unicorns, or venture-backed companies valued in the private market at $1 billion or more, according to data released …
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Apple suppliers Cirrus Logic Inc and Qorvo Inc estimated third-quarter revenue below analysts’ expectations, exacerbating fears about softening iPhone demand. Cirrus shares slumped 9.5 percent to $24.25 in after-market trading on Thursday, while Qorvo’s fell 12.4 percent. Cirrus said it expected third-quarter revenue of about $347 million, well below analysts’ average estimate of $385.9 million, …
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The alliance between automakers Renault and Nissan will launch more than 10 cars with self-driving technology over the next four years in the United States, Europe, China and Japan, the partnership’s leader said on Thursday. The alliance also said it hired technology executive Ogi Redzic to lead its connected car efforts as senior vice president …
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Yahoo is working on a plan to cut its workforce by at least 10 percent and it could start the process as early as this month, Business Insider reported, citing sources. “We are not confirming this rumor or commenting further”, Sarah Meron, a spokeswoman for Yahoo told Reuters on Thursday in an e-mail. The layoffs, …
Rare disease drugmaker Shire Pharmaceuticals Plc (SHP.L) is preparing to announce its roughly $32.5 billion acquisition of U.S. peer Baxalta International Inc (BXLT.N) as early as Monday, according to people familiar with the matter. The deal would come after Reuters first reported on Dec. 22 that Shire’s latest offer for Baxalta had met the latter’s …
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Naspers, the largest listed company in Africa, said it was not worried about Netflix’s arrival in South Africa, adding it believed the market for video on demand was large enough to accommodate more players. Africa’s most advanced economy, where a rapid expansion of fiber optic broadband in more affluent neighborhoods has allowed streaming of movies …
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Micro-blogging site Twitter filed a lawsuit in an Ankara court on Thursday, seeking to annul a fine by the Turkish authorities for not removing content Turkey says is “terrorist propaganda”, a source familiar with the case told Reuters. A Turkish official said much of the material in question was related to the Kurdistan Workers Party …
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Deutsche Telekom is facing growing pressure from investors and lawmakers to ensure proper treatment of workers at its American business T-Mobile US. The German company’s biggest subsidiary has enjoyed two years of rapid expansion in a fiercely competitive U.S. market that has seen it overtake its closest rival Sprint in terms of subscribers. But it …
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From the carnitas crisis of early 2015 to the more recent E. Coli outbreak. And now, tough love from Wall Street. Chipotle Mexican Grill Inc’s (CMG.N) shareholders have never had it so bad. At least six brokerages slashed their price targets on the burrito chain operator’s stock on Thursday, a day after the company said …
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