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  • April 21- Baker Hughes Inc, which is being bought by Halliburton Co for $35 billion, said it expects "unfavorable market conditions" to persist in the second quarter as drillers turn off more rigs, intensifying a glut in oilfield services. The rig count in North America, a region that accounts for 44 percent of Baker Hughes' revenue, has halved to 1,000 so far this year.

  • Baker Hughes reports 1Q loss Tuesday, 21 Apr 2015 | 8:18 AM ET

    HOUSTON _ Baker Hughes Inc. on Tuesday reported a first-quarter loss of $589 million, after reporting a profit in the same period a year earlier. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. Baker Hughes shares have climbed 22 percent since the beginning of the year, while the Standard& Poor's...

  • Brinker International tops 3Q profit forecasts Tuesday, 21 Apr 2015 | 7:57 AM ET

    DALLAS _ Brinker International Inc. on Tuesday reported fiscal third-quarter earnings of $65.4 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share. Brinker International shares have risen roughly 1 percent since the beginning of the year.

  • Kimberly-Clark beats Street 1Q forecasts Tuesday, 21 Apr 2015 | 7:30 AM ET

    IRVING, Texas _ Kimberly-Clark Corp. on Tuesday reported first-quarter net income of $468 million. Kimberly-Clark expects full-year earnings in the range of $5.60 to $5.80 per share. Kimberly-Clark shares have decreased 7 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 2 percent.

  • Blue Bell Creameries issues recall of all products Monday, 20 Apr 2015 | 10:22 PM ET

    BRENHAM, Texas— Texas- based Blue Bell Creameries issued a voluntary recall Monday night for all of its products on the market after two samples of chocolate chip cookie dough ice cream tested positive for listeria, a potentially deadly bacteria. Five others in Kansas and Texas were sickened with listeriosis, which can cause fever, muscle aches,...

  • WASHINGTON, April 20- The 12- nation Pacific trade pact would create nearly a quarter of a million U.S. jobs due to increased foreign investment in the United States, a business group estimated on Monday, in the first look at the deal's employment impact. The trade deal, which reaches from Japan to Chile, would also create another 165,000 "indirect and induced" jobs...

  • JACKSON, Miss.— Here's a look at 10 projects given preliminarily approval to share in $134 million in funding from BP PLC's $1 billion set-aside dedicated to recovery from its 2010 oil spill in the Gulf of Mexico:. $45, 000: Osprey nesting platforms at Portersville Bay, Dauphin Island, Fort Morgan, Little Lagoon of Gulf Shores and Gulf State Park.

  • JACKSON, Miss.— State and federal officials overseeing $1 billion provided by BP PLC to spur recovery from the 2010 Gulf of Mexico oil spill said Monday that they're proposing another 10 projects totaling $134 million. More projects will be announced later to spend the remainder of the $1 billion in early restoration money, which is a down payment on the much...

  • Helix Energy beats 1Q profit forecasts Monday, 20 Apr 2015 | 6:16 PM ET

    HOUSTON _ Helix Energy Solutions Group Inc. on Monday reported first-quarter profit of $19.6 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • The IPO filing follows the successful listing of hamburger chain Shake Shack Inc in January and Habit Restaurants Inc in November. Fogo de Chao, back by private equity firm Thomas H. Lee Partners LP, has 26 restaurants in the United States and nine in Brazil, according to a regulatory filing on Monday. Fogo de Chao started as a restaurant in Porto Alegre, Brazil, in...

  • GulfMark Offshore reports 1Q loss Monday, 20 Apr 2015 | 6:09 PM ET

    HOUSTON _ GulfMark Offshore Inc. on Monday reported a first-quarter loss of $5.1 million, after reporting a profit in the same period a year earlier. For the current quarter ending in June, GulfMark Offshore said it expects revenue in the range of $70 million to $75 million. GulfMark Offshore shares have decreased 33 percent since the beginning of the year.

  • The oil price crash represents for some "a great chance to seize on the crisis and turn it into an opportunity," Les Csorba, a partner with Heidrick& Struggles in Houston, said on the sidelines of the CERAWeek conference. Two executives that typify the new breed include the chief executive officers of Apache Corp and Chesapeake Energy. Apache's John Christmann and...

  • Steakhouse chain Fogo de Chao files for IPO Monday, 20 Apr 2015 | 5:15 PM ET

    April 20- Steakhouse chain Fogo de Chao has filed for an initial public offering of its shares in the United States. Dallas- based Fogo de Chao, backed by buyout firm Thomas H. Lee Partners LP, has outlets in Brazil and the United States. The company, founded in Brazil in 1979, set a nominal fundraising target of $75 million in the filing.

  • The statement follows a story by The Associated Press last month revealing that most big truck tires aren't designed to go over 75 mph. Texas, Wyoming, Utah and South Dakota have limits of 80 or higher. Transportation Department documents show the rule has been stalled in Secretary Anthony Foxx's office since August.

  • HOUSTON— Halliburton Co. has cut 9,000 jobs— more than 10 percent of its workforce— in about six months and is considering more cost-cutting moves as falling oil prices sap demand for its drilling help. Halliburton executives disclosed the job cuts Monday on a conference call with investors. Schlumberger and Halliburton help map underground oil and gas...

  • HOUSTON, April 20- Senator Lisa Murkowski said on Monday she will introduce legislation this year to allow U.S. crude exports, saying the Obama administration shouldn't dare lift sanctions on Iran before scrapping the U.S. crude export ban. While the final framework of the deal has yet to be determined, it appears it would let Iran export far more crude oil than at...

  • BRENHAM, Texas— Blue Bell Creameries issues recall of all products after samples test positive for listeriosis.

  • April 20- A union working on behalf of Wal-Mart employees laid off in the sudden temporary closure of five stores filed a claim on Monday to the National Labor Relations Board accusing the retailer of retaliating against workers for organizing activity and seeking to get them rehired. Wal-Mart Stores, which announced last week that it was temporarily closing...

  • WASHINGTON, April 20- The 12- nation Pacific trade pact would create nearly a quarter of a million U.S. jobs due to increased foreign investment in the United States, a business group estimated on Monday, in the first look at the deal's employment impact. The trade deal, which reaches from Japan to Chile, would also create another 165,000 "indirect and induced" jobs...

  • Euro slips against dollar on Greece default worries. NEW YORK, April 20- Equity markets snapped back on Monday after China took steps to stimulate its economy, while the euro weakened amid worries about Greece and oil rose on Middle East tension. The dollar rose as the euro slid against the greenback amid gathering concerns Greece could default on its debt or...