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The inaugural Global Chess League (GCL), which got underway in Dubai on June 22, is the latest event to offer a new format for the game. The franchise-style format allows fans to follow teams, as well as players, and some of the game’s biggest stars are getting involved. “I think this is definitely something quite special,” grandmaster Magnus Carlsen, who is participating in the tournament, told CNN. Carlsen hopes the new league format will succeed in opening the game up to a new audience, an ambition matched by the GCL chairperson Jagdish Mitra. “I think it’s an opportunity for the sport of chess and its 600 million fans,” Mitra told CNN Sport.
Persons: it’s, Magnus Carlsen, Carlsen, Viswanathan Anand, Ian Nepomniachtchi, ” Carlsen, ” Magnus Carlsen, Ali Haider, Chess.com, Jagdish Mitra, , ” Mitra, It’s, Mitra Organizations: CNN, Global Chess League, , FIDE, Tech Mahindra, SG Alpine Warriors, Global, GCL, CNN Sport Locations: Dubai, Indian, Russian
Baker Hughes generally aims to return 60% to 80% of its free cash flow to shareholders. Photo: ali haider/ShutterstockBaker Hughes ’s new finance chief wants to prioritize raising dividends over share buybacks, a philosophical shift for the oil-field-services company as it nears the end of a restructuring aimed at lifting profit margins and reducing costs. The Houston-based company is planning to evaluate this summer the pace and rate it would like to increase the dividend over time, with the intention of making a recommendation to the board later this year, said Chief Financial Officer Nancy Buese , who has served in the role for roughly six months.
America’s Oil Patch Loses Its Luster
  + stars: | 2023-04-24 | by ( Jinjoo Lee | ) www.wsj.com   time to read: 1 min
Baker Hughes lowered its expectations for North American spending growth this year. Photo: ali haider/ShutterstockThe oil-field services sector is still humming along, but its clients are casting their gaze past America’s once-booming shale patch. Industry services giants SLB and Baker Hughes had healthy numbers to report last week. Net income grew 83%, handily exceeding expectations. Baker Hughes said on Wednesday that revenue and net income grew 18% and 14%, respectively—also both higher than analyst expectations.
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