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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

OPEC signlas intention to keep limits on oil supply through 2019

9 hours ago DieselGasoil Comments Off on OPEC signlas intention to keep limits on oil supply through 2019
By Salma El Wardany, Dina Khrennikova, Manus Cranny and Grant Smith on 5/20/2019 CAIRO, MOSCOW and LONDON (Bloomberg) — Saudi Arabia and other key producers in OPEC signaled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages. It was less clear how far Russia, Read More

Russia’s Energy Minister Novak says too soon to discuss oil-cut options

1 day ago DieselGasoil Comments Off on Russia’s Energy Minister Novak says too soon to discuss oil-cut options
By Dina Khrennikova, Grant Smith and Salma El Wardany on 5/19/2019 Photo: Rusiian Energy Minister Alexander Novak. MOSCOW, LONDON and CAIRO (Bloomberg) — Oil producers meeting in Saudi Arabia, must assess the situation in the market before considering possible action such as extending output cuts, Russia’s Energy Minister Alexander Novak told reporters in the Red Read More

Rural America still struggling for access to high-speed internet service

3 days ago DieselGasoil Comments Off on Rural America still struggling for access to high-speed internet service
HAMILTON, Ala. — As anticipation grows for 5G technology to be rolled out in big cities, nearly 15 million people in rural pockets across the country are still waiting for reliable high-speed internet, according to the Federal Communications Commission. In the southeast, some states like Alabama are desperate to get their rural areas up to Read More

Exclusive: U.S. may scale back Huawei trade restrictions to help existing customers

3 days ago DieselGasoil Comments Off on Exclusive: U.S. may scale back Huawei trade restrictions to help existing customers
(Reuters) – The U.S. Commerce Department said on Friday it may soon scale back restrictions on Huawei Technologies after this week’s blacklisting would have made it nearly impossible for the Chinese company to service its existing customers. FILE PHOTO: A woman looks at her phone as she walks past a Huawei shop in Beijing, China Read More

Exclusive: U.S. says it may scale back some Huawei trade restrictions

3 days ago DieselGasoil Comments Off on Exclusive: U.S. says it may scale back some Huawei trade restrictions
A Huawei logo is seen at an exhibition during the World Intelligence Congress in Tianjin, China May 16, 2019. REUTERS/Jason Lee (Reuters) – The U.S. Commerce Department may soon scale back restrictions on Huawei Technologies after this week’s blacklisting made it nearly impossible for the Chinese company to purchase goods made in the United States, Read More

Alta Mesa Resources Provides Operational and Financial Update; Receives NASDAQ Notice Regarding Non-Compliance With Continued Listing Standards; Alta Mesa Holdings Files Form 10-K

3 days ago DieselGasoil Comments Off on Alta Mesa Resources Provides Operational and Financial Update; Receives NASDAQ Notice Regarding Non-Compliance With Continued Listing Standards; Alta Mesa Holdings Files Form 10-K
HOUSTON, Texas, May 17, 2019 (GLOBE NEWSWIRE) — Alta Mesa Resources, Inc. (NASDAQ: AMR, “Alta Mesa” or the “Company”) today provided an operational and financial update for its subsidiaries Alta Mesa Holdings, LP (“Alta Mesa Upstream”) and Kingfisher Midstream, LLC (“Kingfisher Midstream”) and announced that Alta Mesa Upstream has filed its Annual Report on Form Read More

China’s Huawei restricted from using U.S. suppliers

4 days ago DieselGasoil Comments Off on China’s Huawei restricted from using U.S. suppliers
WASHINGTON/NEW YORK (Reuters) – The Trump administration on Thursday officially added China’s Huawei Technologies Co Ltd to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the telecom giant to do business with U.S. companies. The logo of Huawei is seen at the high profile startups and high tech leaders gathering, Read More