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Texas A&M Aggies Cufflinks

The U.S. rig count, an early indicator of future output, fell by eight in the week ending April 18, General Electric Co’s Baker Hughes energy services firm said in its weekly report, which was released a day early because of the Good Friday holiday. (GRAPHIC: U.S. Rig count – tmsnrt.rs/2X8Myf7). Oil has been driven up this year by an agreement reached by the Organization of the Petroleum Exporting Countries and its allies, including Russia, to limit their oil output by 1.2 million bpd how to choose cufflinks. Global supply has been tightened further by U.S. sanctions on OPEC members Venezuela and Iran..

Iran’s crude exports have fallen in April to their lowest daily level this year, tanker data showed and industry sources said, suggesting a reduction in buyer interest ahead of expected further pressure from Washington how to choose cufflinks. Strong U.S. retail sales data and earnings from industrial companies put global slowdown fears, sparked by underwhelming manufacturing surveys from Asia and Europe, on the back burner. Thursday’s oil rally was kept in check, however, by a rise in the U.S. dollar, which makes crude more expensive for global buyers..

SAN FRANCISCO (Reuters) – Uber’s autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. Uber Technologies Inc said on Thursday that the investment values its Advanced Technologies Group, which works to develop autonomous driving technology, at $7.25 billion. SoftBank will invest $333 million from its $100 billion Vision Fund, while Toyota Motor Corp and automotive parts supplier Denso Corp will invest a combined $667 million how to choose cufflinks.

Toyota will also contribute up to an additional $300 million over the next three years to help cover the costs of building commercial self-driving vehicles, Uber said. Reuters had reported in March talks of the investment in ATG. Uber CEO Dara Khosrowshahi said that the funding “will help maintain Uber’s position at the forefront of” a transforming transportation industry how to choose cufflinks. The funding allows Uber to transfer some of the substantial cost of developing self-driving cars onto outside investors. That is likely to appease some of Wall Street’s concerns over Uber’s spending on the autonomous unit, which has topped $1.07 billion since the program started in 2016..

In its filing for an initial public offering this month, Uber cautioned that development of self-driving technology “is expensive and time-consuming and may not be successful” and the company lagged certain competitors. The self-driving business unit brings in no meaningful revenue for Uber, which last year lost $3.03 billion how to choose cufflinks. As part of the investment, ATG becomes its own legal entity but remains under the control of Uber. A new ATG board will be formed, with six directors appointed from Uber, one from SoftBank and one from Toyota. Eric Meyhofer, currently the head of ATG, will take the title of CEO and report to the new board..