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Equifax’s $700 million data breach settlement spurs criticism, calls for new rules

4 hours ago DieselGasoil Comments Off on Equifax’s $700 million data breach settlement spurs criticism, calls for new rules
WASHINGTON (Reuters) – Credit-reporting company Equifax Inc (EFX.N) will pay up to $700 million to settle claims it broke the law during a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that was nonetheless criticized by consumer advocates and some lawmakers who called for stricter regulation. While it was the Read More

Pacific Drilling names James W. Harris CFO

8 hours ago DieselGasoil Comments Off on Pacific Drilling names James W. Harris CFO
7/22/2019 LUXEMBOURG- Pacific Drilling today announced that their board has appointed James W. Harris to serve as the Company’s Senior Vice President and Chief Financial Officer. Mr. Harris replaces Mr. Johannes (John) P. Boots, who, as previously announced, mutually agreed with the Company to step down from his position to pursue other opportunities. Mr. Harris Read More

Equifax’s $700 million data breach settlement spurs calls for new rules

9 hours ago DieselGasoil Comments Off on Equifax’s $700 million data breach settlement spurs calls for new rules
WASHINGTON (Reuters) – Credit-reporting company Equifax Inc (EFX.N) will pay up to $700 million to settle claims it broke the law with a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that could spur new consumer data rules. The largest-ever settlement for a data breach draws to a close multiple Read More

Hyundai Motor lays out U.S. recovery plan, places hope on new SUV models

19 hours ago DieselGasoil Comments Off on Hyundai Motor lays out U.S. recovery plan, places hope on new SUV models
SEOUL (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) laid out its U.S. sales turnaround plan on Monday with an expanded line-up of sport-utility vehicles (SUV), after posting its biggest quarterly profit jump in seven years. FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris auto show, in Paris, Read More

Cummins makes offer for VW’s large engines unit: sources

3 days ago DieselGasoil Comments Off on Cummins makes offer for VW’s large engines unit: sources
FRANKFURT (Reuters) – United States-based diesel (gasoil) engines maker Cummins (CMI.N) has made an indicative offer for Volkswagen’s (VOWG_p.DE) MAN Energy Solutions unit, people close to the matter said, as the carmaker seeks to slim down its portfolio of disparate assets. FILE PHOTO: The logo of Volkswagen is seen in front of its plant, in Read More

Schlumberger names new CEO

4 days ago DieselGasoil Comments Off on Schlumberger names new CEO
7/19/2019 PARIS — Schlumberger Limited has announced that its board of directors has appointed Olivier Le Peuch as its CEO and member of the Schlumberger board, effective Aug. 1, 2019. Le Peuch succeeds Paal Kibsgaard, who will retire as CEO effective that same date. Also effective Aug. 1, Kibsgaard will step down as chairman of Read More

On Apollo 11 anniversary, NYT declares USSR ‘won space race’ for wokeness

4 days ago DieselGasoil Comments Off on On Apollo 11 anniversary, NYT declares USSR ‘won space race’ for wokeness
American space achievements such as the Apollo 11 Moon landing mean nothing because they were racist and sexist, while the Soviet Union practiced diversity. A ready-made RT article? Try the two main US newspapers instead. Picture in your mind a RT.com headline that goes something like this: “How the Soviets Won the Space Race for Read More

BMW promotes Oliver Zipse to CEO

4 days ago DieselGasoil Comments Off on BMW promotes Oliver Zipse to CEO
FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the company’s annual news conference in Munich, Germany, March 20, 2019. REUTERS/Michael Dalder/File Photo FRANKFURT (Reuters) – German luxury carmaker BMW (BMWG.DE) on Thursday named 55-year-old Oliver Zipse as its new chief executive, continuing a tradition of promoting a manufacturing expert to the Read More

Iran confirms it seized fuel tanker in the Persian Gulf

5 days ago DieselGasoil Comments Off on Iran confirms it seized fuel tanker in the Persian Gulf
By Alex Longley on 7/18/2019 LONDON (Bloomberg) –Oil extended gains after Iran confirmed it had seized a foreign oil tanker in the Persian Gulf earlier this week. Brent crude gained as much as 1.3%, reversing some of the heavy losses the global benchmark suffered in the previous two sessions. Iran’s Revolutionary Guards said it captured Read More

Renault’s Senard expects Nissan’s new board to embrace alliance

5 days ago DieselGasoil Comments Off on Renault’s Senard expects Nissan’s new board to embrace alliance
PARIS (Reuters) – Renault (RENA.PA) is confident that alliance partner Nissan’s (7201.T) new board will work to reinforce their partnership as it struggles to turn the page on the Carlos Ghosn scandal, Renault Chairman Jean-Dominique Senard said on Thursday. FILE PHOTO: Renault Chairman Jean-Dominique Senard gestures at the end of a joint news conference in Read More