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  • Houston oilfield services company Baker Hughes Inc. said Friday 332 rigs sought oil and 87 explored for natural gas. Kansas, Louisiana, Texas and West Virginia were down two apiece. Alaska, Arkansas, California, North Dakota, Ohio, Pennsylvania, Utah and Wyoming were all unchanged.

  • Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • HOUSTON _ Baker Hughes Inc. on Wednesday reported a loss of $981 million in its first quarter. The average estimate of 16 analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share. Baker Hughes shares have dropped roughly 1 percent since the beginning of the year, while the Standard& Poor's 500 index has risen slightly more than 2 percent.

  • Oil refinery with fire,

    Halliburton's delay of its first quarter earnings sparked speculation its merger with Baker Hughes may be terminated.

  • Halliburton oil fracking

    Halliburton said it cut more than 6,000 jobs in the first quarter and said it would hold its earnings conference call on May 3 instead of April 25.

  • HOUSTON— Halliburton Co. said Friday that it cut more than 6,000 jobs in the first quarter, continuing a purge at the oilfield-services company that has reduced its workforce by one-third since late 2014.. Halliburton has been slammed by the slowdown in drilling since oil prices began falling in mid-2014. Houston- based Halliburton expects industry spending...

  • Houston oilfield services company Baker Hughes Inc. said Friday 343 rigs sought oil and 88 explored for natural gas. Among major oil- and gas-producing states, Texas lost seven rigs and Louisiana and Ohio each dropped one. Alaska, Arkansas, California, Colorado, Kansas, New Mexico, North Dakota, Oklahoma, Pennsylvania, Utah, West Virginia and Wyoming were all...

  • A red star fronts a pressure tank at the Yanlian Oil Refinery in Yan'an, 25 May 2005, north of Xian in western China's Shaanxi province.

    Jim Cramer is seeing signs of improvement in the global landscape, especially for black gold.

  • Halliburton and Baker Hughes

    Baker Hughes and Halliburton are in talks to sell more than $7 billion in assets to the Carlyle Group, The WSJ reports.

  • Oil pumps wells Monterey Shale fracking

    U.S. oil prices rose over 1 percent as a rally in wider commodities markets encouraged buying ahead of a meeting of oil producers.

  • Democratic presidential candidate Sen. Bernie Sanders

    Jim Cramer says the rhetoric on business is insane with charge led by Bernie Sanders.

  • Two oil workers working on drilling rig

    Stephanie Link, managing director at TIAA, scooped up shares of two beaten-down names for her model portfolio on Wednesday.

  • Faber Report: Lawsuit watch

    CNBC's David Faber looks at the Staples/Office Depot antitrust case, the Williams lawsuit against ETE and ETP CEO Kelcy Warren, and whether the Halliburton/Baker Hughes deal will go to court.

  • Pfizer headquarters in New York.

    If 2015 was a dream year for Wall Street's top dealmakers, 2016 is starting to take a nightmarish turn.

  • $50 oil by end of 2016: Expert

    Helima Croft, RBC Capital Markets, provides insight ahead of April 17th's big meeting among major oil producers hoping for an agreement on output freeze, And Croft shares her prediction on oil by year's end.

  • Jim Cramer on the set of Mad Money

    Jim Cramer discussed the government's ability to revive this range of stocks.

  • Pennsylvania Avenue at dusk, Washington D.C.

    As the U.S. government looks to curb tax inversions these experts discuss the implications of new laws.

  • Allergan in the NYSE

    Jim Cramer says the bulls should be thanking the Treasury & Justice departments, even if they accidentally sparked a rally.

  • Options Action: Bet on Baker Hughes?

    "Fast Money" Trader Dan Nathan of RiskReversal.com, looks at the trading action on Baker Hughes.

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed higher Wednesday, led by gains in health care and energy, after the release of the Fed meeting minutes.