There’s gold in them than holes. That’s my stab at an elevator pitch for oilfield-services veteran Andrew Gould’s latest venture. The former Schlumberger Ltd. CEO’s investment vehicle, Sentinel Energy Services Inc., announced it will buy Strike LLC, which specialises in maintaining and repairing pipelines. Once the $854 million deal closes, Strike will become a public company. It is interesting that ...

Is Daimler AG out to prove that carmakers are the ultimate value trap? Its second profit warning in fourth months felt like a capitulation. A kitchen sink would struggle to contain the list of excuses the German car and truck maker produced to explain the latest profit shortfall on October 19. Unspecified diesel issues, disappointing bus sales, and the potential ...

You have to hand it to Europe’s regulators. They rarely miss a chance to antagonize an American tech company, no matter what the cost to their own people. In a blog post, Alphabet Inc.’s Google announced that it will start charging phone-makers that want to pre-install some of its apps and services for devices sold in Europe. This was the ...