Shareholders in Ma Bell shouldn't fret over the stock's exit from the Dow. It's a good thing, history shows.» Read More
March 3- Anadarko Petroleum Corp said it would reduce spending by about 33 percent this year, as the exploration and production company responds to lower crude oil prices. The company forecast capital investments in the range of $5.4 billion- $5.8 billion, excluding investments associated with its Western Gas Partners LP unit. Anadarko's cut follows similar...
U.S. stocks closed higher, with the Nasdaq above the psychologically key level of 5,000 for the first time since March 2000 and the Dow at a record.
Equity investors might want to check out a fund that hasn't made an original stock market bet in 80 years.
Many hedge funds sold down or exited positions in eight of the 10 most commonly held stocks, including Apple, Google and Exxon.
The new net neutrality regulations may persuade the Justice Department to OK the Comcast-Time Warner Cable merger, analyst Daniel Ernst tells CNBC.
The primary data point for investors on Friday is the second reading on the U.S. fourth-quarter gross domestic product growth.
The primary data point in focus for investors on Friday is the second reading on the U.S. fourth-quarter gross domestic product growth.
Feb 26- SandRidge Energy Inc said it would reduce spending by 56 percent this year and slash its rig count, as the oil and natural gas producer responds to a slump in crude prices. Oil companies such as Chevron Corp, ConocoPhillips and Apache Corp have forecast lower spending in 2015.. SandRidge's net income rose to $314.1 million, or 48 cents per share, in the fourth...
U.S. stocks closed narrowly mixed, with stocks near recent highs, as lackluster economic data and oil concerns weighed on investor sentiment.
These seven Russell 1000 companies have bled through at least $2 billion in free cash flow in the last calendar year. The USAToday reports.
Energy exposure in portfolios
Chevron announced it is relinquishing concessions in Romania, the last of its shale gas projects in Europe.
Activist hedge funds are buying stakes in North American oil and gas producers whose stocks have fallen because of the collapse of energy prices.
U.S. stocks closed narrowly mixed after the S&P 500 touched a new intraday record, amid lower oil prices and Germany's rejection of a Greece plan.
NEW YORK, Feb 19- Elliot Management Corp. and Omega Advisors Inc. are among activist hedge funds buying stakes in North American oil and gas producers whose stock has fallen because of weaknesses exposed by the collapse of energy prices. This month Citigroup cut its crude price forecasts, saying West Texas Intermediate could go as low as $20 a barrel before...
WILLISTON, N.D., Feb 19- One of the strongest leaders of the U.S. shale revolution has been humbled by plunging oil prices. On Thursday, the number of rigs drilling in North Dakota fell below 130 for the first time in years, a level the state's top official said is necessary to prevent output from falling. ConocoPhillips and Occidental Petroleum Corp, among many others,...
Some of the names on the move ahead of the open.
WILLISTON, N.D., Feb 19- One of the strongest leaders of the U.S. shale revolution has been humbled by plunging oil prices. EOG Resources Inc slashed its 2015 budget on Wednesday amid cheap crude and said its output will not grow this year, mere months after confidently saying it was strong enough to weather the downturn without cutbacks. ConocoPhillips and...
U.S. stocks closed mostly lower on Wednesday despite surprisingly dovish Fed minutes, amid apparent progress in the Greece-euro zone negotiations.
VICTORIA, British Columbia, Feb 17- British Columbia's annual budget released on Tuesday projected a budget surplus of C $284 million in fiscal 2015-16, the Pacific coast province's third consecutive balanced budget under the ruling Liberals. The recent plunge in oil prices has hit neighboring Alberta's crude-dependent economy hard and British...