Oil output from Texas, the No. 1 producer in the country, for August, the last full month for which data are available, was higher than last year, data show. The Railroad Commission of Texas, the state energy regulator, reported preliminary production of crude oil averaged 2.4 million barrels per day, ... Read More »
Google parent company Alphabet announced Tuesday it planned to pause expansion of its high-speed fiber optic internet network and shrink the number of people working on the project. Google Fiber will continue to be available in all cities it has been rolled out to, including those where it has already ... Read More »
The developed world may be facing another Malthusian moment. The first came at the end of the 18th century, when Thomas Malthus predicted dire consequences for humanity if population trends continued on their trajectory. But along came something no one predicted: technology that helped humans use resources more efficiently and ... Read More »
IBM has acquired Sanovi Technologies in order to ramp up the firm’s hybrid cloud disaster recovery facilities. Big Blue announced the buyout on Wednesday, stating the deal will “enhance IBM resiliency capabilities with the help of advanced analytics to meet complexities of hybrid environments.” Financial terms of the purchase were ... Read More »
Microsoft is getting artsy. The tech giant unveiled tools for artists and designers on Tuesday in Manhattan, including a smartphone app that allows users to scan 3D images of everyday objects and move them around in virtual or “mixed” reality. Satya Nadella, Microsoft’s CEO, said he anticipated a greater market ... Read More »
Jack Ma knows a thing or two about technological innovation and disruption. The founder and executive chairman of Alibaba Group has built it into the world’s fifth-largest Internet company by revenue. In a letter to shareholders earlier this month, he had this to say: “Throughout history, technological disruptions have followed ... Read More »
It could be the hottest outgrowth of the pot-conomy — highly lucrative for both investors and cannabis companies. The industrial real estate that houses pot production is in high demand, and it is about to become the first opportunity for investors large and small to get in on marijuana. How? ... Read More »
Saab on Tuesday announced changes to the company’s organization and group management, including a new naval business area named Nautics. The changes will take effect on Jan. 1, the company said in a statement. Saab Kockums, which oversees naval technology, will become its own business area and be re-dubbed Nautics. ... Read More »
Real Assets said it would continue the construction of its ’22 Bishopsgate’ project in London’s financial district, despite the uncertainty following Britain’s vote to leave the European Union. The real estate asset manager, a unit of AXA SA, said the project has a target completion date of 2019. Since the ... Read More »
