Baker Hughes reported third-quarter earnings of $375 million, shy of analysts' estimates.» Read More
*Moscow lab complained some chips were faulty. Federal prosecutors in Brooklyn, New York unsealed an indictment charging 11 alleged participants in the network, as well as companies based in Houston, Texas, and Moscow, with illegally exporting high-tech components from the United States to Russian security agencies.
HOUSTON, Oct 3- Chesapeake Energy Corp extended employment contracts with certain executives through the end of the year as its board of directors reviews the oil and gas company's compensation practices, according to a regulatory filing on Wednesday.
HOUSTON-- Crown Castle International Corp. said Wednesday that it is launching an offering of $1.65 billion of senior notes, which are due in 2023..
--U.S.-based offshore drilling company Vantage Drilling Co.. Rating Action On Oct. 3, 2012, Standard& Poor's Ratings Services revised its outlook on Houston- based offshore drilling company Vantage Drilling Co. to stable from positive.
HOUSTON-- Phillips 66, a refining and pipeline company that split from ConocoPhillips in May, is raising its quarterly dividend by 25 percent to 25 cents. The Houston company's previous payout was 20 cents. Shares fell $1.02, or 2.2 percent, to $45.40 in afternoon trading.
HOUSTON, Oct 3- An exploration and production resurgence in the Gulf of Mexico two years after a six-month drilling shutdown because of the BP Plc oil spill is expected to increase output nearly 43 percent by 2019, energy consultancy Wood Mackenzie said on Wednesday.
*Seadrill may move to London, Singapore.
LONDON, Oct 3- European stocks were set for a slightly lower open on Wednesday as new gloomy economic data and uncertainty about Spain's debt crisis eclipsed underlying optimism about coordinated monetary support from central banks across the world.
HELSINKI, Oct 3- The following stocks may be affected by newspaper reports and other factors on Wednesday:. The government, which owns 13.5 percent of Nordea's shares, has been clear it wants to sell its stake and has a mandate from the parliament. It already sold 6.3 percent of Nordea shares in February 2011.
HELSINKI, Oct 3- The following stocks may be affected by newspaper reports and other factors on Wednesday:. The Oslo- listed oil driller said it plans to replace Chief Executive Alf Thorkildsen with Fredrik Halvorsen, the head of its Archer affiliate, and is looking to relocate management outside Norway.
*London, Dubai, Singapore and Houston under consideration. Oct 2- Seadrill Ltd, the world's biggest driller by market capitalisation, said it plans to replace CEO Alf Thorkildsen with the head of its Archer Ltd affiliate, and is looking to relocate management outside Norway.
NEW YORK-- Standard& Poor's Ratings Services upgraded its rating outlook on Group 1 Automotive Inc. Tuesday, saying that the automotive retailer's credit measures have improved since the recession and may make further gains soon. Group 1' s shares rose 93 cents to close at $61.50. The stock has traded between $33.31 and $61.34 in the past 52 weeks.
HOUSTON-- Two activist groups said Tuesday they sent an email to more than 71,000 Shell Oil employees that pretended to be from a fake company division and provided information about a U.S. Supreme Court case involving the company.
--Group 1 Automotive Inc.' s credit measures, in our opinion, have the potential for continued modest improvement in the year ahead. --We are revising our' BB' rating outlook on Group 1 to positive from stable. Rating Action On Oct. 2, 2012, Standard& Poor's Ratings Services revised its rating outlook on Houston- based automotive retailer Group 1 Automotive Inc..
HOUSTON-- Shares of Genesis Energy LP fell after the oil and gas pipeline and refining company said an offering of 6 million units from its shareholders priced at a 7 percent discount to Monday's closing price. Units closed at $34.56 Monday and were priced at $32.15. Shares fell $1.25, or 3.6 percent, to $33.31 in afternoon trading Tuesday.
By Robin Paxton and Mariya Gordeyeva ASTANA, Oct 2- U.S. oil major ConocoPhillips. Asked on Tuesday whether ConocoPhillips would sell its stake in the consortium, Kazakh Oil and Gas Minister Sauat Mynbayev told reporters: "They have informed that they have the intention of selling."
HOUSTON-- A man accused of killing his ex-girlfriend in Houston and then driving hundreds of miles to dump her body in a West Texas oil field taped an interview about the case with the "Dr. Mark Augustin Castellano, a 37- year-old computer technician, has been charged with murder in the Sept. 22 death of 31- year-old Michelle Warner.
HOUSTON-- The electric power producer Dynegy Inc. has emerged from Chapter 11 bankruptcy protection. Dynegy filed for Chapter 11 in July after years of falling electricity prices and debt that surpassed $5 billion last year. As part of the restructuring, Dynegy Holdings and Dynegy Inc. were combined on Sept. 30.