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France and Germany stand by UK over ‘massive’ Iran crisis

17 hours ago DieselGasoil Comments Off on France and Germany stand by UK over ‘massive’ Iran crisis
The French foreign ministry has called on Iran to quickly release a British-flagged oil tanker it detained on Friday afternoon. The Stena Impero and its 23 crew members were approached by unidentified small crafts and a helicopter as it passed through the Strait of Hormuz on Friday at around 4pm UK time, according to the Read More

Iran warned of ‘serious consequences’ over seizure of UK-flagged tanker

23 hours ago DieselGasoil Comments Off on Iran warned of ‘serious consequences’ over seizure of UK-flagged tanker
Jeremy Hunt has warned Iran will face “serious consequences” if it does not release a British-flagged oil tanker which was detained in the Strait of Hormuz. The foreign secretary attended a meeting of the government’s emergency committee Cobra on Friday night amid escalating tensions in the region. Following the talks, a government spokesperson said Iran’s Read More

Shale boom architect Mark Papa named new Schlumberger chairman

1 day ago DieselGasoil Comments Off on Shale boom architect Mark Papa named new Schlumberger chairman
7/19/2019 HOUSTON – Schlumberger is tapping as its chairman an executive who earned a reputation for building shale producers that bypass oil service companies. Mark Papa, 72, who will take over as chairman of the world’s biggest oilfield service provider next month, helped give birth to the U.S. shale boom a decade ago by building Read More

BMW picks insider Zipse as CEO to catch up with rivals

2 days ago DieselGasoil Comments Off on BMW picks insider Zipse as CEO to catch up with rivals
FRANKFURT (Reuters) – BMW (BMWG.DE) has named Oliver Zipse as its new CEO, hoping the “decisive” company lifer will help the automaker regain its edge in electric cars and win back the premium market lead lost to Mercedes-Benz under his consensus-seeking predecessor. FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the Read More

BMW picks ‘decisive’ Zipse as CEO to catch up with rivals

2 days ago DieselGasoil Comments Off on BMW picks ‘decisive’ Zipse as CEO to catch up with rivals
FRANKFURT (Reuters) – BMW (BMWG.DE) named Oliver Zipse as its new chief executive late on Thursday, praising his “decisive” qualities after the carmaker lost its edge in electric cars and ceded the premium sales crown to Mercedes under his consensus-seeking predecessor. FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the company’s Read More

BMW picks ‘decisive’ new CEO to catch up with rivals

2 days ago DieselGasoil Comments Off on BMW picks ‘decisive’ new CEO to catch up with rivals
FRANKFURT (Reuters) – BMW (BMWG.DE) named Oliver Zipse as its new chief executive late on Thursday, praising his “decisive” qualities after the luxury carmaker lost its edge in electric cars and ceded the premium sales crown to Mercedes under his consensus-seeking predecessor. FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the Read More

Microsoft sales beat expectations as cloud growth slows

2 days ago DieselGasoil Comments Off on Microsoft sales beat expectations as cloud growth slows
(Reuters) – Microsoft Corp (MSFT.O) beat analysts’ estimates for fourth-quarter revenue and profit on Thursday, even as sales growth began to slow for its cloud product Azure and Office software. FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo Since Chief Read More

Netflix sinks on subscriber losses, analysts still see growth

3 days ago DieselGasoil Comments Off on Netflix sinks on subscriber losses, analysts still see growth
(Reuters) – Wall Street brokerages stuck to a positive outlook on Netflix Inc (NFLX.O) on Thursday, betting that a strong content slate for the rest of 2019 would reverse shock losses in U.S. subscribers in the second quarter that sank its stock price. Shares in the company fell 11% in morning trade, as investors worried Read More

Wall St. dips as trade worries weigh; Netflix tumbles

3 days ago DieselGasoil Comments Off on Wall St. dips as trade worries weigh; Netflix tumbles
(Reuters) – U.S. stock indexes edged lower on Thursday as investors awaited more developments around trade, while Netflix posted a surprise drop in U.S. subscribers, kicking off earnings for the FAANG group of stocks on a sour note. Traders work on the floor of the New York Stock Exchange in New York, United States, July Read More