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Facebook beats profit estimates, sets aside $3 billion for privacy penalty

52 mins ago DieselGasoil Comments Off on Facebook beats profit estimates, sets aside $3 billion for privacy penalty
(Reuters) – Facebook Inc on Wednesday blew away Wall Street profit estimates in the first quarter as it kept a lid on the costs of making its social networks safer, and set aside $3 billion to cover a settlement with U.S. regulators, calming investors who had worried about the outcome of a months-long federal probe. Read More

Oil States Announces First Quarter 2019 Results of Operations

2 hours ago DieselGasoil Comments Off on Oil States Announces First Quarter 2019 Results of Operations
HOUSTON, April 24, 2019 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE: OIS) reported a net loss for the first quarter of 2019 of $14.6 million, or $0.25 per diluted share on revenues of $250.6 million and Consolidated EBITDA (Note A) of $21.4 million. The reported first quarter 2019 results included severance charges totaling $1.0 million ($0.8 million after-tax, or Read More

Put down your iPhone, Apple chief suggests

6 hours ago DieselGasoil Comments Off on Put down your iPhone, Apple chief suggests
Apple chief executive Tim Cook has told a summit that the company doesn’t want customers to spend all of their time on its devices. Medical bodies and professionals have warned about the amount of time that adults and children are spending in front of screens, although suggested optimal amounts differ. Governments have warned that technology Read More

‘Ungrateful’: Fox host Tucker Carlson claims Ilhan Omar is ‘attacking country that took her in’

6 hours ago DieselGasoil Comments Off on ‘Ungrateful’: Fox host Tucker Carlson claims Ilhan Omar is ‘attacking country that took her in’
Fox News host Tucker Carlson lashed out at Democrat Rep. Ilhan Omar for being “ungrateful” and accused her of “spending her life attacking this country” in light of an old tweet by the congresswoman about US action in Somalia. Carlson’s outburst was in reference to a resurfaced tweet of Omar’s from 2017 in which she Read More

Occidental Makes Superior Proposal to Acquire Anadarko

11 hours ago DieselGasoil Comments Off on Occidental Makes Superior Proposal to Acquire Anadarko
$76.00 Per Share Cash and Stock Proposal Represents Premium of Approximately 20% to Current Value of Transaction Accepted by Anadarko Would Create a $100+ Billion Global Energy Leader with over 1.4 Million Boe/d of Production to Drive Significant Value and Returns for Occidental and Anadarko Shareholders Expected to Be Accretive to Cash Flow and Free Read More

Samsung plans $116 billion investment in non-memory chips to challenge TSMC, Qualcomm

13 hours ago DieselGasoil Comments Off on Samsung plans $116 billion investment in non-memory chips to challenge TSMC, Qualcomm
SEOUL (Reuters) – Samsung Electronics Co Ltd plans to invest $116 billion in non-memory chips through 2030, to cut its reliance on the volatile memory chip market and develop chips to power self-driving cars and AI-enabled devices. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March Read More

Samsung Elec to invest $9.6 billion annually in logic chips until 2030

17 hours ago DieselGasoil Comments Off on Samsung Elec to invest $9.6 billion annually in logic chips until 2030
SEOUL (Reuters) – Samsung Electronics plans to invest 11 trillion won ($9.57 billion) annually through 2030 in logic chip businesses, including its foundry business, and expects the move to help create 15,000 jobs over the period. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, Read More

South Korea proposes $5.9 billion extra budget to fight air pollution, aid exports

20 hours ago DieselGasoil Comments Off on South Korea proposes $5.9 billion extra budget to fight air pollution, aid exports
SEJONG, South Korea (Reuters) – South Korea on Wednesday unveiled a proposed 6.7 trillion won ($5.87 billion) supplementary budget the government says is needed to tackle unprecedented air pollution levels and boost exports bruised by weak demand. FILE PHOTO: Cho Eun-hye (R) and her one-and-a-half-year-old Korean Jindo dog Hari, both wearing masks, go for a Read More

South Korea proposes $5.9 billion fiscal stimulus to tackle air pollution, aid exports

22 hours ago DieselGasoil Comments Off on South Korea proposes $5.9 billion fiscal stimulus to tackle air pollution, aid exports
SEJONG, South Korea (Reuters) – South Korea announced a proposed 6.7 trillion won ($5.87 billion) supplementary budget on Wednesday to tackle unprecedented air pollution levels and to boost exports bruised by weak external demand amid the Sino-U.S. trade war. FILE PHOTO: Cho Eun-hye (R) and her one-and-a-half-year-old Korean Jindo dog Hari, both wearing masks, go Read More