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ISRAMCO, INC. ENTERS INTO DEFINITIVE MERGER AGREEMENT; TRANSACTION WOULD RESULT IN COMPANY GOING PRIVATE

1 min ago DieselGasoil Comments Off on ISRAMCO, INC. ENTERS INTO DEFINITIVE MERGER AGREEMENT; TRANSACTION WOULD RESULT IN COMPANY GOING PRIVATE
HOUSTON, TX, May 20, 2019 (GLOBE NEWSWIRE) — Isramco, Inc. (NASDAQ CM: ISRL) (the “Company,” “Isramco,” “we” or “our”) announced today that it has signed a definitive merger agreement with Naphtha Israel Petroleum Corporation Ltd. (“Naphtha”), Naphtha Holding Ltd. (“NHL”), I.O.C. – Israel Oil Company, LTD. (“IOC”) and Naphtha US Oil, Inc. (each a wholly Read More

EU establishment cries ‘Russia!’ in desperate bid to defeat critics

1 hour ago DieselGasoil Comments Off on EU establishment cries ‘Russia!’ in desperate bid to defeat critics
With European Parliament elections looming, the establishment parties and mainstream media are reaching for the playbook of US Democrats and hyping the specter of ‘Russia’ to drive voters away from the rising tide of populism. One of the most outspoken liberals in the European Parliament, former Belgian PM Guy Verhofstadt, openly accused five populist politicians Read More

T-Mobile’s deal for Sprint gets big boost from FCC chief

4 hours ago DieselGasoil Comments Off on T-Mobile’s deal for Sprint gets big boost from FCC chief
WASHINGTON (Reuters) – T-Mobile US Inc’s $26 billion acquisition of rival Sprint Corp won the support of the head of the Federal Communications Commission on Monday, in a big step toward the deal’s approval. A sign for a T-Mobile store is seen in Manhattan, New York, U.S., April 30, 2018. REUTERS/Shannon Stapleton FCC Chairman Ajit Read More

Wall St. pressured as Huawei fallout worries spark tech sell-off

4 hours ago DieselGasoil Comments Off on Wall St. pressured as Huawei fallout worries spark tech sell-off
(Reuters) – U.S. stocks dropped on Monday, as Washington’s restrictions on China’s Huawei Technologies stoked fears about a hit to the broader technology sector and ratcheted up trade tensions between the world’s two largest economies. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 20, 2019. REUTERS/Brendan Read More

Face ID firm Lumentum follows Google with Huawei ban

6 hours ago DieselGasoil Comments Off on Face ID firm Lumentum follows Google with Huawei ban
LONDON (Reuters) – Apple Face ID parts supplier Lumentum Holdings Inc followed Google on Monday in clamping down on the business it does with Huawei Technologies, after U.S. President Donald Trump imposed a ban on the Chinese firm on national security grounds. A 3-D printed Android logo is seen in front of a displayed Huawei Read More

Wall St. lower as tech stocks sell-off on Huawei fallout worries

6 hours ago DieselGasoil Comments Off on Wall St. lower as tech stocks sell-off on Huawei fallout worries
(Reuters) – U.S. stocks fell on Monday, as Washington’s crackdown on China’s Huawei Technologies stoked fears about a hit to the broader technology sector and ratcheted up trade tensions between the world’s two largest economies. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 20, 2019. REUTERS/Brendan Read More

Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring

7 hours ago DieselGasoil Comments Off on Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring
DETROIT (Reuters) – Ford Motor Co said on Monday it will eliminate about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually. FILE PHOTO: FILE PHOTO – The Ford logo Read More

Globally-renowned tech futurist joins WFS Technologies team

8 hours ago DieselGasoil Comments Off on Globally-renowned tech futurist joins WFS Technologies team
5/20/2019 Photo: WFS Technologies Chief Marketing Officer Theo Priestley. EDINBURGH — A globally-renowned technology evangelist who focuses on emerging trends and their impact on business and wider society has joined the team at WFS Technologies, a subsea wireless automation, Internet of Things (IoT) and edge computing networks company for the energy industry including oil & Read More

Sweden asks court to detain Assange over rape claim

8 hours ago DieselGasoil Comments Off on Sweden asks court to detain Assange over rape claim
Swedish authorities have filed a request to detain WikiLeaks founder Julian Assange over a rape allegation. If granted, it would be the first step in potentially extraditing him from the UK, where he is serving a 50-week sentence for skipping bail in 2012. The case was reopened last week after authorities said there was “probable Read More

Ford Motor Co cutting about 10% of global salaried workforce

8 hours ago DieselGasoil Comments Off on Ford Motor Co cutting about 10% of global salaried workforce
FILE PHOTO: FILE PHOTO – The Ford logo is pictured at the Ford Motor Co plant in Genk,Belgium December 17, 2014. REUTERS/Francois Lenoir/File Photo DETROIT (Reuters) – Ford Motor Co said on Monday it will eliminate about 10% percent of its global salaried workforce, cutting about 7,000 jobs by the end of August as part Read More