terry-wade
Google rebrands cloud business, adds more artificial intelligence
September 30, 2016 by creative · Leave a Comment
Alphabet Inc's Google said on Thursday it renamed its business-to-business cloud computing brand and enhanced some enterprise applications using artificial intelligence, the company's latest gambit to better compete with Amazon.com and Microsoft Corp. in the lucrative cloud business. Discussing the rebranded Google Cloud, Diane Greene, senior vice president of Google's enterprise business, said the company has made good progress courting customers and improving its technology. Cloud computing uses remote internet servers…
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Google rebrands cloud business, adds more artificial intelligence
terry-wade
Relief arrives for U.S. shale firms as OPEC folds in price battle
September 30, 2016 by admin · Leave a Comment
By Liz Hampton and Terry Wade HOUSTON (Reuters) – It was a moment U.S. shale oil producers have been waiting on for more than two years: OPEC nations finally agreed to cut production on Wednesday in a move that lifted low prices ravaging their budgets. The agreement effectively establishes a …
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Relief arrives for U.S. shale firms as OPEC folds in price battle
terry-wade
Chevron posts largest quarterly loss since 2001 on weak oil prices
July 29, 2016 by creative · Leave a Comment
HOUSTON (Reuters) – Chevron Corp, the second-largest U.S.-based oil producer, posted a second-quarter loss on Friday, its largest since 2001, due to the slump in crude prices and refining income. The company lost $1.47 billion, or $1.07 per share, compared with a net profit of $571 million, or 30 cents per share, in the year-ago period. Production fell about 3 percent to 2.53 million barrels of oil equivalent per day (boe
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Chevron posts largest quarterly loss since 2001 on weak oil prices
terry-wade
Oil below $30 fans wipeout fears among U.S. shale survival artists
January 20, 2016 by publisher · Leave a Comment
By Terry Wade and Anna Driver YORKTOWN, Texas (Reuters) – Across oil fields from Texas to North Dakota fears are growing that crude's plunge below $30 a barrel is more than just another market milestone and marks a countdown to an endgame for many shale producers that so far have braved the 18-month downturn. Oil prices tumbled by more than a fifth this month to 12-year lows 70 percent below mid-2014 levels and…
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Oil below $30 fans wipeout fears among U.S. shale survival artists