Afternoon Coffee: Petrobras Slashes Spending, Production Outlook, Intel Aims to Wipe Conflict Minerals from Supply Chain

Petrobras, Brazil's state-owned oil company, reduced production growth estimates and trimmed its spending plan as oil prices remain low. The company’s five-year business investment plan was cut to $98.4 billion, down from the previous $130 billion. 2020 oil production targets were reduced 3.6% to 2.7 million barrels a day.

Intel aims to have every product and device it creates and sells to be conflict free. In Q2 of 2016, the company will put a symbol on its products showing that it was made without conflict minerals.

The National Federation of Independent Business reported its small business optimism index increased 0.4 points in December to 95.2.

BravoSolution announced today the release of its BravoAdvantage 16 procurement platform. The procurement technology provider said the latest release includes new source-to-pay functionalities and new contract lifecycle management tools.  

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