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  • UPDATE 2-Schlumberger to cut 11,000 more jobs Thursday, 16 Apr 2015 | 6:31 PM ET

    April 16- Schlumberger Ltd said it would cut a further 11,000 jobs and reduced its capital spending plan for this year as the world's No.1 oilfield services provider prepares for an extended period of lower activity and pricing pressure, especially in North America. The lower activity and pricing pressure led to a 9 percent drop in Schlumberger's...

  • April 16- The Internal Revenue Service is seeking to recoup $3.22 billion from Texas businessman Samuel Wyly and the estate of his late brother Charles Wyly, after the brothers allegedly hid income by setting up sham overseas trusts. According to claims filings on Wednesday with the U.S. bankruptcy court in Dallas, the IRS believes Samuel Wyly owes $2.03...

  • Celanese tops 1Q profit forecasts Thursday, 16 Apr 2015 | 5:18 PM ET

    IRVING, Texas _ Celanese Corp. on Thursday reported first-quarter earnings of $236 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share. Eight analysts surveyed by Zacks expected $1.65 billion.

  • The 5 biggest IPOs of the year so far Thursday, 16 Apr 2015 | 5:00 PM ET

    NEW YORK— The five companies that raised the most money in their stock market debut this year include GoDaddy, the web hosting company known for its racy TV commercials. The list, provided by Renaissance Capital, which manages IPO-focused exchange traded funds, ranks the companies by how much money they raised in their initial public offering.

  • DALLAS— The IRS wants $3.2 billion to cover back taxes that it says are owed by a prominent Texas businessman and his late brother who the IRS says hid income by setting up overseas trust funds. Stewart Thomas, a lawyer for the Wylys, called the IRS claims "unfair and absurd." At the time of the bankruptcy Sam Wyly listed assets of $100 million to $500 million, but his...

  • Nissan expands air bag recall after Louisiana injury Thursday, 16 Apr 2015 | 4:43 PM ET

    DETROIT— Nissan is adding 45,000 small cars to a previous recall after a Louisiana woman was injured by flying shrapnel from an exploding air bag. Nissan spokesman Steve Yaeger said the cars were added when Nissan found out about Wilson's injury while analyzing field data. In November, Nissan recalled more than 52,000 vehicles to fix potentially faulty...

  • First Financial tops 1Q profit forecasts Thursday, 16 Apr 2015 | 4:24 PM ET

    ABILENE, Texas _ First Financial Bankshares Inc. on Thursday reported first-quarter profit of $24 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share. Three analysts surveyed by Zacks expected $69.9 million.

  • House passes bill to repeal estate tax Thursday, 16 Apr 2015 | 12:18 PM ET

    Kevin Brady, R- Texas, who sponsored the bill. The bill now goes to the Senate where Democrats appear to have enough votes to block it. The White House has threatened to veto the bill in part because it would add $269 billion to the budget deficit over the next decade.

  • Rising prices and a dearth of homes for sale in many markets have made it harder for many looking to buy their first home. One of the biggest obstacles many are facing is saving up for a down payment, particularly in hotter markets where competition for the more affordable homes can quickly drive up prices and put pressure on buyers to bring more cash up front.

  • 'Most dangerous movie ever made' charges into theaters Thursday, 16 Apr 2015 | 8:15 AM ET

    So claims a trailer for the theatrical re-release of a little-seen 1981 adventure film starring Tippi Hedren, daughter Melanie Griffith and 150 lions, tigers, leopards, jaguars and elephants. Touted as the most dangerous movie ever made, "Roar" was the ill-fated brainchild of Alfred Hitchcock muse Hedren and her then-husband, "Exorcist" producer Noel Marshall.

  • Alliance Data tops Street 1Q forecasts Thursday, 16 Apr 2015 | 8:01 AM ET

    PLANO, Texas _ Alliance Data Systems Corp. on Thursday reported first-quarter earnings of $162.6 million. For the current quarter ending in June, Alliance Data expects its per-share earnings to be $3.20. Alliance Data expects full-year earnings to be $14.90 per share, with revenue expected to be $6.5 billion.

  • First Cash Financial Services posts 1Q profit Thursday, 16 Apr 2015 | 6:15 AM ET

    ARLINGTON, Texas _ First Cash Financial Services Inc. on Thursday reported first-quarter earnings of $16.8 million. First Cash Financial Services expects full-year earnings to be $2.75 to $2.90 per share. First Cash Financial Services shares have dropped 14 percent since the beginning of the year.

  • April 15- A Texas- based Internet provider is requesting that a federal appeals court in New Orleans, not one in Washington, be the court that hears a challenge to new Web traffic regulations known as "net neutrality" rules. Alamo Broadband Inc filed a lawsuit on Wednesday in the 5th U.S. Circuit Court of Appeals in New Orleans asking it to review the regulations from...

  • DETROIT— A federal judge ruled Wednesday that a 2009 bankruptcy order shields General Motors from billions of dollars in death and injury claims tied to defective ignition switches in older small cars. But Judge Robert Gerber in New York, who handled GM's government-funded bankruptcy case six years ago, also ruled that plaintiffs who claim a loss in the value...

  • Rising prices and a dearth of homes for sale in many markets have made it harder for many looking to buy their first home. One of the biggest obstacles many are facing is saving up for a down payment, particularly in hotter markets where competition for the more affordable homes can quickly drive up prices and put pressure on buyers to bring more cash up front.

  • Kinder Morgan beats 1Q profit forecasts Wednesday, 15 Apr 2015 | 4:37 PM ET

    HOUSTON _ Kinder Morgan Inc. on Wednesday reported first-quarter earnings of $469 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share. Kinder Morgan shares have increased roughly 3 percent since the beginning of the year, while the Standard& Poor's 500 index has risen slightly more than 2...

  • Fed survey finds US economy growing at moderate pace Wednesday, 15 Apr 2015 | 2:02 PM ET

    In its latest survey of business conditions around the country, the Fed said that eight of its 12 banking regions described the economy as growing at either a moderate or modest pace with two others— Atlanta and Kansas City— describing conditions as steady. The report said that a slowdown in the chemical industry had been reported by contacts in St. Louis and...

  • A look at states with the most deaths from submerged dams Wednesday, 15 Apr 2015 | 11:31 AM ET

    Since the 1950 s, at least 441 people have died at 235 submerged dams in 38 states. Maryland, Ohio, Texas: 14 each. Source: Brigham Young University database.

  • COLUMN-Iran's tantalizing oil prize: Kemp Wednesday, 15 Apr 2015 | 11:14 AM ET

    LONDON, April 15- Iran contains some of the largest and most attractive petroleum resources in the world, so any easing of sanctions could have a major impact on oil and gas markets in the second half of the decade. Iran's possible re-emergence as a major exporter would force a re-ordering of the world oil market both because of the country's location on the...

  • Low-lying dams drown hundreds of unsuspecting victims Wednesday, 15 Apr 2015 | 11:11 AM ET

    "The builders of these dams have created a very elegant trap for human beings," said Nate Hoogeveen, who heads river programs for the Iowa Department of Natural Resources. More than one-third of the deaths have occurred in Iowa, Minnesota and Pennsylvania. Other top states for low-head dam deaths include Illinois, California, Maryland, Ohio, Texas and Virginia.