Microsoft to Partner With Halliburton

Microsoft to Partner With Halliburton

Microsoft and Halliburton announced Tuesday plans to enter into a strategic alliance to drive digital transformation across the oil and gas industry. Researchers and engineers from both companies will collaborate on applying deep learning to reservoir characterization, modeling and simulation, building domain-specific visualization for mixed reality, creating highly interactive applications and fueling the digitalization of E&P assets. As a first step in the alliance, Halliburton said Tuesday it has made […]

Read More ˃
Ultralife Wins Follow-On Contract

Ultralife Wins Follow-On Contract

Ultralife, a provider of critical power solutions and communications systems, said Monday it has been awarded a $4.7 million contract to supply its Vehicle Installed Power Enhanced Rifleman Applique (VIPER) to Thales Defense & Security, Inc. Shipments are expected to begin this year and to be completed in the first half of 2018. “As we continue to develop new products across our business,” said Michael Popielec, CEO of Ultralife, “our […]

Read More ˃
Rio Tinto ADRs Higher

Rio Tinto ADRs Higher

American depository shares of Rio Tinto were up 1.5% Friday after the company’s Rio Tinto International Holdings unit and Turquoise Hill Resources (TRQ) agreed to sell their stakes in Mason Resources Corp to Mantos Copper. Specifically, Rio Tinto International will sell nearly 7.5 million shares and Turquoise will sell over 6.2 million shares at $0.20 each in cash for an aggregate of $2.7 million. Rio Tinto indirectly owns about 50.8% […]

Read More ˃
Alliance Data Systems Raises Buyback Program

Alliance Data Systems Raises Buyback Program

Alliance Data Systems, a provider of data-driven marketing and loyalty solutions, said early Thursday its board has approved a $500 million increase in the company’s stock repurchase program for 2017, resulting in an aggregate authorization of up to $1 billion. The board also extended the term for repurchases that was previously set to expire Dec. 31 to July 31, 2018, according to a statement. Repurchases will be financed primarily through […]

Read More ˃
Mobile Mini Posts Mixed Q2

Mobile Mini Posts Mixed Q2

Mobile Mini reported Friday lower-than-expected earnings for Q2 despite forecast-beating revenues. Diluted EPS was $0.24, down from last year’s $0.25, missing the Capital IQ consensus of $0.26. Revenues grew to $126.7 million from $123.5 million, exceeding the mean estimate of $126 million compiled by Capital IQ. For the company’s outlook, CEO Erik Olsson said: “Our outlook for Tank & Pump remains positive for the rest of 2017, although both market […]

Read More ˃