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BP’S future participation in America’s shale gas revolution has been thrown into question after the UK oil giant said it was separating its US onshore operations into a separate business unit.

The company said it was setting up a distinct business in Houston, separate from its existing US headquarters, that could react faster to the “rapidly changing and hyper-competitive energy landscape” brought about by America’s exploitation of shale gas. (The Telegraph)

First Data Merchant Solutions, First Data's direct-to-market merchant acquiring business, and Diners Club International, a business unit of Discover Financial Services, today announced the go-live of their merchant acquiring agreement in the UK. The deal will allow First Data Merchant Solutions clients to readily accept all cards on the Discover Global Network including Diners Club and Discover transactions, alongside Visa, MasterCard and American Express. (Finextra)

1. Business Unit or BU refers to a division, facility or department of an organization. Notes (1): Examples of business units include retail outlets and human resource department. (BCMpedia)

business unit: a part of a company that operates as a separate part of the whole business (Cambridge Business English Dictionary)