HOUSTON— Oil services company Baker Hughes Inc. will lay off about 7,000 workers as it prepares for a downturn in orders because of the plunge in crude prices, the company said Tuesday. The layoffs represent about an 11 percent cut to the 62,000- plus workers Baker Hughes says it employs worldwide. Oil services rival Halliburton had announced in November it...
One Houston furniture retailer is promising refunds to customers if U.S. crude ends the year above $85 a barrel
The oil industry is about to face a rude awakening when it comes to jobs, The Schork Report's editor warned Friday.
Some of the nation's top oil states are showing early signs of a slowdown as a result of the plunge in crude prices.
Baker Hughes reported third-quarter earnings of $375 million, shy of analysts' estimates.
Venezuela's state-run oil company is seeking offers for its U.S. unit Citgo Petroleum in a deal that could fetch up to $10 billion.
BP said its largest U.S. refinery, at Whiting, Indiana, continued to operate on Thursday morning following a blaze the night before.
The CST-100 is designed to ferry crew, cargo and even tourists into low Earth orbit.
"It's a big victory for the NFL and allows them to keep the value of their content," says one expert.
Demand is up for sand used in fracking, which blasts it into wells to crack rock and release oil and natural gas.
While VC firms may reward entrepreneurs in NYC and San Fran, may believe that longer-term innovations happening elsewhere are key to economic growth.
NBC News' Janet Shamlian reports on a construction site fire that left a construction worker dangling from a balcony.
CNBC's Brian Sullivan reports an uninhabited apartment complex currently under construction is blazing out of control.
A new survey shows that while London was the best city among foreign real estate investors, the rest of the top five cities were in the U.S.
What are the all-time costliest hurricanes to hit the U.S.? Here are the Top 10.
In today's Lunch Break TV, security cameras record a suspected carjacker driving into a gasoline pump, setting it afire.
Along with college, the cost of housing is rising fast. Home prices are up over 12 percent from a year ago, and even rising mortgage rates do not appear to be slowing the gains.
SandRidge Energy's board of directors removed the energy company's founder and chief executive after a months-long struggle with activist investors.
The Bay Area beat out South Florida, which lost its bid to stage an 11th Super Bowl VI when the state Legislature did not support financing to renovate Sun Life Stadium.
Houston is much more than oil and gas. It's a booming, diverse city