Exxon Mobil Corp. (XOM - Get Report) closed its Baytown refinery, located on the Houston Ship Channel, when floodwaters paralyzed large portions of the area after Harvey was downgraded to a tropical storm from a hurricane, according to the Journal.
Futures for West Texas Intermediate crude oil slumped 1.1% to $47.36 a barrel.
Recode's Kara Swisher and The New York Times' Mike Isaac both tweeted Sunday that Khosrowshahi, Expedia's CEO since 2005, will take the helm. Investors at the start-up, which is now worth nearly $70 billion, ousted co-founder Travis Kalanick after a series of public relations nightmares this year.
GE has had technical problems and delays with its software platform, known as Predix, which connects equipment like turbines and elevators to computers that can predict failures and reduce operating costs.
This spring, GE tackled the Predix problems, which have not been previously reported. With fixes in place, GE will now emphasize sales to existing customers in its energy, aviation and oil-and-gas businesses, and scale back efforts to sell to new customers in other sectors, three senior GE executives told Reuters.
Former CEO Jeff Immelt spent six years and more than $4 billion transforming GE into a "digital industrial" company, Reuters noted.
GE said it now expects $12 billion in digital revenue in 2020, after it redefined digital revenue, compared with previous estimates of $15 billion.
New York-based CBS had "entered into binding transaction documents" to buy the network's owner, Ten Network Holdings Ltd., administrator KordaMentha said in a statement, the Associated Press reported.
CBS is the biggest creditor of Australia's third most popular free-to-air commercial TV network that went into voluntary administration in June.
The sale price will be revealed in a report to creditors within days, according to the AP.
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