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Reuters

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How big data is helping big oil save money on drilling

How big data is helping big oil save money on drilling

Written by on June 23, 2017 in Features with 0 Comments

(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 […]

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Facebook emphasises support for communities, hobby clubs

Facebook emphasises support for communities, hobby clubs

Written by on June 23, 2017 in News with 0 Comments

SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg revised the world’s largest online social network’s mission statement on Thursday to emphasize support for hobby clubs, civil society organizations and other community groups. The move comes as Facebook faces pressure from smaller rivals such as Nextdoor and Meetup, whose online networks bring together neighbors […]

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Toshiba troubles deepen, asks for annual statement extension

Toshiba troubles deepen, asks for annual statement extension

Written by on June 23, 2017 in News with 0 Comments

TOKYO (Reuters) – Toshiba Corp said on Friday it has asked regulators for an extension for filing its annual financial statement by over a month as it has not been able to obtain approval from its auditor. The industrial conglomerate was aiming to file the financial report by the legally specified deadline of June 30, […]

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US says Russian hackers targeted 21 state election systems

US says Russian hackers targeted 21 state election systems

Written by on June 22, 2017 in News with 0 Comments

WASHINGTON (Reuters) – Russian hackers targeted 21 U.S. state election systems in the 2016 presidential race and a small number were breached but there was no evidence any votes were manipulated, a Homeland Security Department official told Congress on Wednesday. Jeanette Manfra, the department’s acting deputy undersecretary of cyber security, testified before the Senate Intelligence […]

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Virgin US ditches Android, goes with Apple for first time

Virgin US ditches Android, goes with Apple for first time

Written by on June 22, 2017 in News with 0 Comments

(Reuters) – Apple Inc will soon start selling wireless plans from Virgin Mobile USA, the first new carrier offered by the iPhone maker’s since 2013, the companies said on Wednesday. Virgin Mobile USA, a subsidiary of Sprint that licenses its name from the Virgin Group co-founded by Richard Branson, struck the deal as part of […]

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Toshiba picks Japanese Government investors for chip business

Toshiba picks Japanese Government investors for chip business

Written by on June 21, 2017 in News with 0 Comments

TOKYO (Reuters) – Toshiba Corp has chosen a consortium of Japanese government investors and Bain Capital as the preferred bidder for its chip business, aiming to seal a deal worth some $18 billion by next week as it scrambles for funds to cover massive losses. But prospects for a clean early resolution to the sale […]

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Uber Co-founder and CEO Kalanick resigns

Uber Co-founder and CEO Kalanick resigns

Written by on June 21, 2017 in News with 0 Comments

(Reuters) – Uber Technologies Inc co-founder Travis Kalanick stepped down as chief executive of the ride-hailing service, following intense pressure from investors, a company spokesman said on Wednesday. Kalanick’s resignation comes after a months-long investigation led former U.S. Attorney General Eric Holder, who was hired by Uber to look into its culture and workplace practices […]

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Supreme Court and Federal Circuit disagree on almost everything

Supreme Court and Federal Circuit disagree on almost everything

Written by on June 20, 2017 in Features with 0 Comments

WASHINGTON (Reuters) – The U.S. Supreme Court’s unanimous backing on Monday of a ruling by the country’s top patent court was a rare instance of agreement with a body whose decisions in that specialized area it regularly overturns. Tellingly, Monday’s decision related to trademarks, not patents. Since its term began last October, the Supreme Court […]

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The social networking phenomenon Nextdoor expands in Europe

The social networking phenomenon Nextdoor expands in Europe

Written by on June 20, 2017 in News with 0 Comments

LOS GATOS, Calif. (Reuters) – U.S. local social networking phenomenon Nextdoor is entering Germany, Europe’s largest market, the company said on Monday, following expansion moves last year into Britain and the Netherlands, where it has grown rapidly. San Francisco-based Nextdoor launched in 2011 and now covers more than 144,000 discrete U.S. neighborhoods, or roughly three-quarters […]

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Orange plans to dramatically reduce stake in BT

Orange plans to dramatically reduce stake in BT

Written by on June 20, 2017 in News with 0 Comments

PARIS (Reuters) – French telecoms company Orange plans to reduce its stake in British rival BT Group from 4 percent to as little as 1.33 percent, it said on Monday. Shares in BT, Britain’s biggest telecoms operator, have underperformed those of its European peers of late, falling by about 21 percent since the start of […]

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