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(Reuters) – British aero-engine maker Rolls-Royce (RR.L) has partnered with Chicago-based artificial intelligence software maker Uptake to spot possible operational issues in its Trent engine fleet ahead of time, the companies said on Tuesday hermes cufflinks uk online. Uptake provides artificial intelligence software to industrials companies to help them predict the performance of complex machines by combining data analytics and machine learning. Rolls-Royce, whose Trent engines power Boeing Co’s (BA.N) 787 Dreamliner jets and Airbus SE’s (AIR.PA) new A330neo widebody aircraft, has been grappling with problems affecting blades on some of the engines, which has resulted in delayed aircraft deliveries for the planemakers..
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 hermes cufflinks uk online. “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 hermes cufflinks uk online. The company, which is focusing on its legal and tax businesses following the Blackstone deal, declined to say where the job cuts were 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 hermes cufflinks uk online. 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 and 15 percent of sales coming from its tax business hermes cufflinks uk online.