newszine

Osram advises investors to accept $4.8 billion offer from AMS

15 hours ago DieselGasoil Comments Off on Osram advises investors to accept $4.8 billion offer from AMS
VIENNA (Reuters) – German lighting group Osram (OSRn.DE) advised its shareholders on Monday to accept a 4.3 billion euro ($4.8 billion) takeover bid from AMS (AMS.S) (AMS.VI) and sell their shares to the Austrian sensor specialist, saying the offer was economically attractive. FILE PHOTO: The logo of German lighting manufacturer Osram is seen behind light Read More

WeWork IPO spells rough landing for CEO Neumann

2 days ago DieselGasoil Comments Off on WeWork IPO spells rough landing for CEO Neumann
NEW YORK (Reuters) – Adam Neumann showed he can capitalize on troubled times a decade ago, tapping into demand for workspace by those forced out of jobs in the aftermath of the financial crisis to grow WeWork into a global brand commanding a $47 billion valuation. FILE PHOTO: Adam Neumann, CEO of WeWork, speaks to Read More

A fresh prince of OPEC brings a change in Saudi oil diplomacy

4 days ago DieselGasoil Comments Off on A fresh prince of OPEC brings a change in Saudi oil diplomacy
London — OPEC has a new sheriff in town, Saudi energy minister Prince Abdulaziz bin Salman, who speaks softly but wields a big stick. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Making his debut as co-chair of a key OPEC/non-OPEC committee Thursday but hardly a debutant to oil Read More

SoftBank and Toyota want driverless cars to change the world

4 days ago DieselGasoil Comments Off on SoftBank and Toyota want driverless cars to change the world
Meet ‘crazy’ tech tycoon Masayoshi Son SoftBank and Toyota want to change the world of transportation through autonomous vehicles and other technologies. The high-profile Japanese companies are forming a joint venture called Monet to develop businesses that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which Read More

Porsche offers computerized cruise control for twisty roads

5 days ago DieselGasoil Comments Off on Porsche offers computerized cruise control for twisty roads
See the most exotic cars from the Geneva Motor Show I was going almost 50 miles an hour on a mountain road just north of New York City. Ahead of me, the road curved sharply to the left with just a thin metal railing between the speeding car and a long drop down a mountainside Read More

Blackstone raises $20.5 billion for largest ever real estate fund

5 days ago DieselGasoil Comments Off on Blackstone raises $20.5 billion for largest ever real estate fund
(Reuters) – U.S. private equity firm Blackstone Group Inc said on Wednesday it has raised the largest ever real estate fund, amassing $20.5 billion to be invested in property assets around the world. Large buyout firms such as Blackstone have been attracting a lot of capital from investors seeking higher returns not available in public Read More

Crude oil futures higher amid US stock draw, OPEC meet

6 days ago DieselGasoil Comments Off on Crude oil futures higher amid US stock draw, OPEC meet
Singapore — Crude oil futures were higher during mid-morning trade in Asia Wednesday, garnering support from US crude stock draw last week while skepticism remained on demand and geopolitical-related concerns. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:10 am in Singapore (0210 GMT), ICE Brent November futures Read More