It's Talking Squawk, the official "Squawk Box" blog, this week with Bill Miller on bitcoin, a truce between eBay and Carl Icahn, and Sam Zell on taxes.» Read More
*Lenovo resumes talks to buy IBM's low-end server unit. *Travelers Cos Inc gained 2.4 percent to $88.50 in light premarket trading after the insurance provider posted a more than three-fold rise in fourth-quarter profit. *Other Dow components due to report earnings on Tuesday include Verizon Communications Inc, Johnson& Johnson IBM.
Jan 17- Schlumberger Ltd, the world's largest oilfield services company, posted a better-than-expected fourth-quarter profit on Friday as robust international activity offset stiff competition in North America.
Jan 17- Schlumberger Ltd, the world's largest oilfield services company, reported a better-than-expected 22 percent jump in fourth-quarter profit as robust international drilling activity made up for weakness in North America. Most of Schlumberger's gains in North America came from the U.S.
NEW YORK, Jan 17- A handful of energy firms are rushing their rigs to several counties in southern Oklahoma, convinced they've found the next shale play to expand America's oil boom. Oil rigs in Oklahoma jumped 17 last week to 155, according to Baker Hughes, the biggest one-week increase in three years.
Jan 10- Baker Hughes Inc, the world's third-largest oilfield services company, estimated fourth-quarter profit well below Wall Street expectations, largely due to the suspension of its operations in Iraq following a protest.
Jan 10- U.S. oilfield services company Baker Hughes Inc estimated fourth-quarter profit well below Wall Street expectations, largely due to the suspension of its operations in Iraq following a protest. Baker Hughes halted activities in Iraq in November and issued force majeure notices to customers after a protest at a facility near the southern town of Basra.
The "Fast Money" traders share their final trades of the day.
*E&P spending to rise more than 7 pct in North America. The Big Oil companies-- Exxon Mobil Corp, Chevron Corp, Royal Dutch Shell Plc and Total SA and BP Plc-- though not targeted by activist investors are also under pressure to boost returns.
*Gazprom Neft postpones project start-up. Work by the likes of BP and Exxon Mobil boosted output by 600,000 barrels per day to top 3 million bpd in 2012..
Dozens of angry Shi'ite Muslim workers and tribesmen stormed the Schlumberger Ltd camp in North Rumaila and wrecked offices early on Monday after accusing a foreign security adviser of insulting their religion, police and employees at the field said.
*Caterpillar has dominant position in market for rig engines. HOUSTON, Nov 12- General Electric Co is trying to deploy more of its natural gas engines on rigs drilling for hydrocarbons in the North American energy boom- where Caterpillar Inc diesel engines have long been the industry standard.
BASRA, Iraq, Nov 11- Dozens of angry Shi'ite Muslim workers and tribesmen stormed a Schlumberger Ltd camp at one of Iraq's main oilfields and wrecked offices early on Monday after accusing a foreign security adviser of insulting their religion, police and employees at the field said.
LONDON, Nov 1- Warren Buffett's Burlington Northern-Santa Fe railroad captured headlines earlier this year when it announced it would start trialling trains powered by liquefied natural gas.
It's not just tough refining margins hitting Big Oil, but lower oil production as well.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
*China has been struggling to unlock its massive shale gas reserves. BEIJING, Oct 28- Chinese oil giant Sinopec Corp is for the first time pumping shale gas from test wells in commercial quantities in what it hopes will be a breakthrough in the development of a badly needed new energy source.
SAN FRANCISCO/ KHOBAR, Saudi Arabia, Oct 27- G lobal energy service giants are banking on a boom in Saudi oil and gas drilling over the next few years to revive profits that are being squeezed by overcapacity in the North American market.
National Oilwell shares rose nearly 4 percent to $82.00 in premarket trading on Friday on the New York Stock Exchange. Earlier this month Schlumberger Ltd, the world's largest oilfield services company, said offshore drilling in North America increased.
Some of the names on the move ahead of the open.
Top hedge and mutual fund managers are presenting their best stock ideas at the Value Investing Congress. Here are some of the highlights: