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Uptake’s software will empower Rolls-Royce with a number of disparate datasets, providing insights into the engine performance and improving the availability of the engine fleet for airline customers, the companies said. “With industrial AI and machine learning techniques, we can increase the uptime of our engines and help customers extend the life and value of their critical assets,” said Tom Palmer, senior vice president of services for Rolls-Royce’s civil aerospace business.

TORONTO (Reuters) - Thomson Reuters Corp (TRI.TO) said on Tuesday that it will cut its workforce by 12 percent in the next two years, axing 3,200 jobs, as part of a plan to streamline the business and reduce costs, The news and information provider, which completed the sale of a 55-percent stake in its Financial & Risk (F&R) unit to private equity firm Blackstone Group LP (BX.N), announced the cuts during an investor day in Toronto, in which it outlined its future strategy and growth plans, The company, which is focusing on its legal and tax businesses following the Blackstone deal, declined to say where the job cuts were chicago cubs cufflinks and cushion money clip gift set being made, However, Co-Chief Operating Officer Neil Masterson told investors that staff had already been informed about 90 percent of the planned cuts..

Shares in Thomson Reuters rose as much as 3.7 percent on Tuesday, hitting an all-time high. “They laid out some good plans for the next couple of years,” said Edward Jones analyst Brittany Weissman. “I think there is still a long road ahead, but it was positive. They explained in more detail the pathway to more organic growth.”. The company aims to grow annual sales by 3.5 percent to 4.5 percent by 2020, excluding the impact of any acquisitions. Chief Executive Officer Jim Smith said it plans to cross-sell more products to existing customers and to attract new customers. The company will also cut the number of products it sells, he said.

“We’re going to simplify the company in every way that we can, working on sales effectiveness and on ways to make it easier both for our customers to do business with us and for our frontline troops to navigate inside the organization,” he said, As part of the streamlining, the company said it planned to reduce the number of offices around the world by 30 percent to 133 locations by 2020, Following the Blackstone deal, about 43 percent of Thomson Reuters revenues come from its legal business, with 23 percent of sales coming from corporate clients chicago cubs cufflinks and cushion money clip gift set and 15 percent of sales coming from its tax business..

Reuters News accounts for only 6 percent of sales but Smith said it remained a key part of the business under Michael Friedenberg, who joined the company on Monday as president of its news and media operations. “We believe he can make Reuters News an even greater part of our growth story going forward,” Smith said. Thomson Reuters set a target to reduce its capital expenditure to between 7 percent and 8 percent of revenue in 2020 from 10 percent currently. The company has set aside $2 billion of the $17 billion proceeds from the Blackstone deal to make purchases to help grow its legal and tax businesses.

BERLIN (Reuters) - Beiersdorf (BEIG.DE), the maker of Nivea skin creams, is shaking up its top management team when new chief executive Stefan De Loecker takes over on Jan, 1, poaching managers from rivals Procter & Gamble (PG.N) and Reckitt Benckiser (RB.L), Beiersdorf said Asim Naseer, P&G global marketing director for skin care, would take over as head of consumer brands from Jan, 1, chicago cubs cufflinks and cushion money clip gift set replacing Ralph Gusko, who continues his responsibility for Asia Pacific for now but will leave by the end of 2019..

Ramon Mirt, who headed Reckitt Benckiser’s business in central and eastern Europe, will take charge of the Near East and Americas regions for Beiersdorf in March, the firm said. “We welcome Asim Naseer and Ramon A. Mirt and their rich expertise. They will help Beiersdorf further deepen its commitment to international diversity and being closest to markets and consumers,” said chairman Reinhard Poellath. Beiersdorf announced in October that deputy CEO De Loecker, a 51-year-old from Belgium, would take over from Stefan Heidenreich on Jan. 1, with a mandate to make the company more digitally savvy and expand internationally.

LONDON (Reuters) - Exxon Mobil (XOM.N) and Chevron (CVX.N) are seeking to sell their stakes in Azerbaijan’s largest oilfield, marking the retreat of the U.S, majors from the former Soviet state after 25 years as they re-focus on domestic production, Exxon is hoping to raise up to $2 billion from the sale of its 6.8 percent in the Azeri-Chirag-Gunashli (ACG) field in the Caspian Sea, chicago cubs cufflinks and cushion money clip gift set according to industry sources, Rival Chevron said in a statement to Reuters it had also decided to launch the sale of its 9.57 percent stake in ACG as well as its 8.9 percent interest in the Baku-Tbilisi-Ceyhan (BTC) pipeline..

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