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  • Feb 16- The chief executive of Transocean Ltd, which owns the world's largest fleet of offshore drilling rigs, is stepping down as it moves to slash its dividend amid the global slump in oil prices. Transocean's board also recommended lowering its annual dividend by 80 percent to 60 cents per share, as it seeks to conserve its capital. Newman, who joined the company...

  • TOLEDO, Ohio, Feb 15- U.S. oil refinery managers are going to the mats, literally, during the biggest fight with union workers in 35 years, bedding down for a third strike week that experts and some employees say raises concerns over safety and operations. At the 135,000 barrel-per-day refinery just outside of Toledo, Ohio, run by BP Plc and Husky Energy Inc, most of the...

  • Feb 13- A federal judge in Louisiana threw out a lawsuit Friday against more than 90 oil, gas and pipeline companies accused of collectively damaging the state's coastline, according to court records. The suit was filed in 2013 by the Southeast Louisiana Flood Protection Authority-East, accused the companies of destroying the state's fragile wetlands that...

  • Feb 13- The United Steelworkers union said no new strike notices were issued on Friday as the largest U.S. refinery strike since 1980 reached its 13th day. The last round of strike notices were issued a week ago on Friday, Feb. 6, when the union told BP Plc that workers would walk off their jobs the following day at refineries the company operates in Indiana and Ohio.

  • Feb 13- The United Steelworkers union and refinery owners were set to resume contract negotiations next week as the largest U.S. refinery strike since 1980 reached its 13th day on Friday. "We're still fulfilling the information request from the USW and looking forward to resuming negotiations next week," said Ray Fisher, spokesman for Shell Oil Co, the U.S. arm of...

  • Between men and women, the better investors are... Friday, 13 Feb 2015 | 7:00 AM ET

    An exclusive analysis of more than 2.5 million portfolios tracked by SigFig found that, on average, women outperformed male investors.

  • HOUSTON, Feb 12- The largest U.S. refinery strike since 1980 entered its 12th day on Thursday with no talks scheduled until next week and industry representatives were weighing a union counterproposal, said a labor spokeswoman. Also on Thursday, Tesoro Corp Chief Financial Officer Steven Sterin told analysts during an earnings conference call that...

  • U.S. refinery strike enters 12th day, no talks scheduled Thursday, 12 Feb 2015 | 12:36 PM ET

    HOUSTON, Feb 12- The largest U.S. refinery strike since 1980 entered its 12th day on Thursday with no talks scheduled between union and industry representatives until next week, and at least one refinery will remain out of production for the duration of the work stoppage. Tesoro Corp Chief Financial Officer Steven Sterin told analysts during an earnings...

  • HOUSTON, Feb 11- A Royal Dutch Shell spokeswoman said on Wednesday that talks with the United Steelworkers union were not broken off on the 11th day of a refinery workers strike, contrary to a media report in the morning. A USW spokeswoman said the union was ready to continue talks with Shell Oil Co, the lead negotiator for U.S. refinery owners. "We're open for...

  • HOUSTON, Feb 10- The United Steelworkers union said little progress was made in talks with oil companies on Tuesday for a new U.S. refinery workers contract as a strike at 11 plants completed its 10th day, according to a text message issued by the union. The USW said lead oil company negotiator Royal Dutch Shell Plc failed to bring experts and information as...

  • Union and Shell talk at length over U.S. refinery pact Tuesday, 10 Feb 2015 | 6:42 PM ET

    HOUSTON, Feb 10- Royal Dutch Shell Plc and the United Steelworkers union negotiated for hours on Tuesday over a new labor contract for U.S. refinery workers, the company said on day 10 of the biggest refinery walkout since 1980.. Over the weekend, walkouts widened to include BP Plc's Whiting, Indiana, refinery and its joint-venture refinery with Husky Energy in...

  • Feb 10- Canada's Talisman Energy Inc, which in December agreed to be bought by Spanish peer Repsol, reported a bigger quarterly loss after it wrote down the value of some assets by about $1.37 billion amid a steep fall in crude prices. A 50 percent fall in oil prices since June has dented the value of a number of fields, prompting companies such as Britain's BG Group...

  • HOUSTON, Feb 7- The United Steelworkers union said on Saturday the strike by U.S. refinery workers is expanding to two more plants early on Sunday due to unfair labor practices by oil companies. Walk-outs at BP Plc's Whiting, Indiana, refinery and the company's joint-venture refinery with Husky Energy in Toledo, Ohio, shortly after 12 a.m. local time on Sunday would...

  • HOUSTON, Feb 6- A strike by U.S. refinery workers appears set to widen late Saturday night to 11 plants as walkouts have been scheduled at BP Plc refineries in Indiana and Ohio, a BP spokesman said on Friday night, the sixth day of the strike. Stoppages by hourly workers represented by the United Steelworkers union are scheduled to begin at 11:59 p.m. local time on...

  • HOUSTON, Feb 6- A strike by U.S. refinery workers is set to widen late Saturday night as walkouts have been scheduled at BP Plc refineries in Indiana and Ohio, said a BP spokesman. The Ohio refinery is a joint venture with Husky Energy. About 4,000 workers are currently on strike at nine plants in California, Kentucky and Texas, including seven refineries that account...

  • Oil price: Not a threat to dividends?  Friday, 6 Feb 2015 | 4:00 AM ET

    Could we see a bottom to the oil price soon? Henry Dixon, fund manager at GLG, weighs in and says that the oil price is not a "dividend threat" to oil majors.

  • Thursday's midday movers: DuPont, FireEye & more Thursday, 5 Feb 2015 | 12:26 PM ET
    Traders on the floor of the New York Stock Exchange.

    Take a look at some of Thursday's midday movers:

  • Weatherford to cut 5,000 jobs as it fights oil slump Thursday, 5 Feb 2015 | 7:41 AM ET
    Weatherford International signage

    Weatherford plans to cut 5,000 jobs by the end of the first quarter as it tries to save costs amid sinking oil prices and budget cuts.

  • ABB profit rise tempered by dollar strength Thursday, 5 Feb 2015 | 2:33 AM ET

    Swiss engineer ABB reported on Thursday a smaller-than-expected rise in quarterly profit, blaming an appreciation of the U.S. dollar.

  • Weatherford to cut 5,000 jobs as it fights oil slump Thursday, 5 Feb 2015 | 12:49 AM ET

    Feb 5- Weatherford International Plc plans to cut 5,000 jobs, or about 9 percent of its workforce, by the end of the first quarter as the oil services company tries to save costs amid sinking oil prices and budget cuts. Schlumberger NV, the world's largest oilfield services provider, is laying off 9,000 employees, while Baker Hughes Inc is reducing its headcount by...