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SoftBank Group announces new $108 billion Vision Fund aimed at AI

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FILE PHOTO: The logo of SoftBank Group Corp is displayed at the SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – SoftBank Group Corp (9984.T) announced on Friday a second Vision Fund aimed at investing in AI technology, saying it has secured memoranda of understandings (MOUs) for about Read More

Starbucks traffic surges, posts best sales growth in three years

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(Reuters) – Starbucks Corp (SBUX.O) attracted more customers in the latest quarter on an expanded line up of beverages and food offerings in the United States and China, leading the coffee chain to raise its fiscal 2019 profit forecast. FILE PHOTO: A Starbucks sign is show on one of the companies stores in Los Angeles, Read More

Starbucks raises profit view on U.S., China demand; shares near record

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(Reuters) – Starbucks Corp (SBUX.O) raised its annual earnings forecast after quarterly same-store sales exceeded Wall Street estimates on Thursday, as the world’s largest coffee chain saw robust demand in the United States and China for its new beverages. FILE PHOTO: A Starbucks sign is show on one of the companies stores in Los Angeles, Read More

Range Announces Second Quarter 2019 Results

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FORT WORTH, Texas, July 25, 2019 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its second quarter 2019 financial results. Highlights – In July, sold 2% overriding royalty in southwest Pennsylvania leases for gross proceeds of $600 million Sold non-producing acreage in Pennsylvania for gross proceeds of $34 million Cash unit costs of Read More

Amazon’s push for one-day delivery dents profits, costs up 21%

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(Reuters) – Amazon.com Inc (AMZN.O) on Thursday reported its first profit miss in two years and said income would slump in the current quarter, as the online retailer ramps up spending on one-day delivery to spark sales growth. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, January Read More

Dril-Quip, Inc. Announces Second Quarter 2019 Results

2 months ago DieselGasoil Comments Off on Dril-Quip, Inc. Announces Second Quarter 2019 Results
HOUSTON, July 25, 2019 (GLOBE NEWSWIRE) — Dril-Quip, Inc. (NYSE: DRQ) today reported operational and financial results for the second quarter 2019. Key highlights for the second quarter of 2019 included: Increased revenue to $104 million, above the guidance range of $90 – $100 million Recorded product bookings of $96 million, above the guidance range Read More

Total profit drops as lower gas prices offset rising output

2 months ago DieselGasoil Comments Off on Total profit drops as lower gas prices offset rising output
By Francois de Beaupuy on 7/25/2019 PARIS (Bloomberg) –Total SA’s second-quarter profit fell short of estimates as the price of natural gas and oil dropped, while record hydrocarbon production and continued cost cuts boosted cash flow. Adjusted net income was almost a fifth lower than a year earlier, but cash flow rose, and the French Read More

Old habits die hard: Saudi Arabia struggles to end oil addiction

2 months ago DieselGasoil Comments Off on Old habits die hard: Saudi Arabia struggles to end oil addiction
DUBAI (Reuters) – When Saudi Aramco was on the verge of a deal last year to buy a stake in an Indian oil refinery, its boss quickly boarded a company jet in Paris and flew to New Delhi. FILE PHOTO: Saudi Aramco CEO Amin H. Nasser attends the China Development Forum in Beijing, China, March Read More

Tesla needs more time to turn profit; founding engineer steps down

2 months ago DieselGasoil Comments Off on Tesla needs more time to turn profit; founding engineer steps down
(Reuters) – Tesla Inc (TSLA.O) on Wednesday pushed back its profit timeline once again after missing financial targets in the second quarter, while announcing that the pioneer of the company’s electric batteries, J.B. Straubel, was stepping down from his role as chief technology officer. FILE PHOTO: A Tesla logo on a Model S is photographed Read More