Wednesday, July 27, 2016

Bytes and barrels: the origins of oil traders' love of Yahoo

NEW YORK, July 28 (Reuters) - For the oil industry, Yahoo

Inc's decision this week to sell its core business to

Verizon Communications Inc for $4.8 billion does not

matter all that much. Their world already changed a few months

ago, when the company said it would jettison its messaging

system that has been the norm for oil traders since the late

1990s.

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