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(Reuters) - Texas Instruments Inc (TXN.O), whose CEO Brian Crutcher resigned a week ago, forecast better-than-expected revenue and profit for the third quarter as it benefits from higher sales of semiconductors used in cars and industrial machinery. The Dallas Texas-based chipmaker, which also develops analog semiconductors for personal electronics and communication equipments, has benefited in recent years as many automakers pivot toward self-driving vehicle technology. The automotive market contributed 19 percent of the company’s revenue in 2017 while the industrial sector added 35 percent to its sales.

The company expects revenue of between $4.11 billion and $4.45 billion, and earnings of $1.41 to $1.63 per share for the third quarter, Analysts, on average, had forecast revenue of $4.27 billion and earnings of $1.48 per share, according to Thomson Reuters I/B/E/S, The earnings report comes a week after Crutcher stepped down just six weeks into the role, following a report that he had violated the chipmaker’s code on personal behavior, The company’s net income rose to $1.41 billion, philadelphia eagles cufflinks and tie bar gift set or $1.40 per share, in the second quarter ended June 30, from $1.06 billion, or $1.03 per share, a year earlier..

(Reuters) - Ford Motor Co (F.N) said on Tuesday it was creating a separate $4 billion unit to house its self-driving vehicle operations and is seeking outside investors, following a similar move in late May by Detroit rival General Motors Co (GM.N) with its Cruise Automation unit. GM’s spinoff of Cruise drew a $2.25-billion investment from SoftBank Group (9984.T), boosting GM’s share price that day by 13 percent. SoftBank’s 19.6-percent stake valued Cruise at $11.5 billion. GM paid an estimated $1 billion in 2016 to acquire the San Francisco-based self-driving startup.

“Ford has seemingly taken a step out of GM’s playbook to try to unlock value” from its self-driving business, said RBC Capital Markets analyst Joseph Spak, In afternoon trade, Ford shares were up 0.9 percent to $10.56, Despite the current flurry of development activity globally by dozens of established and startup companies, Ford senior management believes that market for self-driving vehicles eventually will consolidate around three or four major players, “and they want to be in the mix,” according to philadelphia eagles cufflinks and tie bar gift set a source familiar with Ford’s thinking..

Ford has had previous discussions with potential investors, the source said, but the nature and depth of those discussions is unclear. A Ford spokesperson declined to confirm whether the automaker has had discussions with SoftBank regarding a potential investment in Ford’s self-driving operations. On Tuesday, Ford said it would invest $4 billion through 2023 in its newly formed Ford Autonomous Vehicles LLC, including the $1 billion it previously had earmarked for Argo AI, the Pittsburgh-based self-driving startup that Ford acquired in 2017.

The new unit, to be headed by Vice President Sherif Marakby and based at Ford’s new Corktown campus in Detroit, will house self-driving vehicle research, engineering and systems integration, as well as business strategy and development for the automaker’s future self-driving vehicle fleet, Ford said it hoped to accelerate business opportunities with the creation of the new unit, which it said is “structured to take on third-party investment.”, GM Cruise and Alphabet Inc’s (GOOGL.O) Waymo are often described as philadelphia eagles cufflinks and tie bar gift set leading the pack of technology and auto companies competing to create self-driving cars and integrate them into ride services fleets..

(Reuters) - Occidental Petroleum Corp (OXY.N) is exploring a sale of its pipeline assets, hoping to fetch more than $5 billion and free up capital to invest in exploration and production as oil prices rebound, people familiar with the matter said on Tuesday. Occidental’s decision to shed the assets is the latest example of an oil company balking at the capital expenditure required to maintain U.S. pipelines, which have been plagued by bottlenecks and require construction of new networks. Hess Corp (HES.N) and Oasis Petroleum Inc (OAS.N) are among the companies that have sold or spun off pipelines in the past year, looking to take advantage of high valuations for these assets, which have been buoyed by the capacity constrains.

Inability to transport enough oil out of the Permian Basin of West Texas and New Mexico, the largest U.S, oilfield, combined with increasing appetite for U.S, oil exports, could help Occidental sell its pipelines for top dollar, according to the sources, Occidental is working with investment bankers on an auction for the pipeline assets, added the sources, who asked not to be identified because the matter is confidential, Occidental representatives did not philadelphia eagles cufflinks and tie bar gift set immediately respond to requests for comment..

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