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Diamond Offshore Drilling Inc

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  • Feb 16- The chief executive of Transocean Ltd, one of the world's top offshore drilling companies, is stepping down and the company is slashing its dividend as business slows on tumbling crude oil prices. Transocean said on Sunday that Chairman Ian Strachan, who previously held executive positions at Exxon Mobil Corp and Rio Tinto PLC, will serve as interim chief...

  • *Q4 adjusted loss of 23 cents/ share vs estimate of 32 cents. *Company had cut 15 pct jobs, shut 4 rigs in Gulf of Mexico. Larger rival Diamond Offshore Drilling Inc and land driller Patterson-UTI Energy Inc have warned of a challenging 2015..

  • Feb 12- Drilling rig contractor Hercules Offshore Inc reported a bigger quarterly loss as the company took an impairment charge and demand fell due to weak crude oil prices. Hercules Offshore's fourth-quarter revenue fell 24 percent to $178.7 million. The net loss attributable to Hercules Offshore widened to $154.1 million, or 96 cents per share, in the...

  • Feb 9- Rig contractor Diamond Offshore Drilling Inc said it expected a significant number of ultra-deepwater rigs to be idled across the industry by year-end as oil producers' capital budget is likely to be lowered by a fifth this year. Diamond Offshore slashed its special dividend to 75 cents per share in 2010 following an oil price crash.

  • Feb 9- Rig contractor Diamond Offshore Drilling Inc reported a 7 percent drop in quarterly revenue as demand fell due to weak oil prices, and said it would not pay a special dividend as it had been doing since 2006.. "We had been expecting Diamond Offshore to follow its prior downturn playbook," analysts at Jefferies& Co wrote in a note to clients.

  • Feb 9- Hotel, energy and financial services conglomerate Loews Corp reported a 13 percent fall in quarterly profit from continuing operations, mainly due to lower investment income. CNA Financial Corp, Loews's largest subsidiary, reported a 10 percent fall in profit due to lower net written premiums. Loews also controls Boardwalk Pipeline Partners LP and...

  • Feb 9- Rig contractor Diamond Offshore Drilling Inc reported a 7 percent drop in quarterly revenue as demand dropped due to weak oil prices, and said it would not pay a special dividend as it had been doing since 2006.. Diamond Offshore's revenue fell 7 Percent to $675.3 million in the fourth quarter ended Dec. 31. Utilization rate for Diamond Offshore's...

  • Feb 9- Rig contractor Diamond Offshore Drilling Inc reported a 7 percent drop in quarterly revenue as demand dropped due to weak oil prices, and said it would not pay a special dividend, a first since 2006.. The Houston- based company's revenue fell to $675.3 million in the fourth quarter from $726.5 million a year earlier. The company's net income rose to $98.8...

  • Bespoke: Why you shouldn't bet on dividends Thursday, 22 Jan 2015 | 8:53 AM ET
    High yield, bad buy?

    Bespoke's Paul Hickey takes a look at why S&P 500 stocks with the highest dividends may not be your best bet.

  • Midday movers: BP, Chevron, Qualcomm & more Friday, 16 Jan 2015 | 1:38 PM ET
    Exchange Place NYSE

    Some of Friday's midday movers:

  • NEW YORK, Dec 31- U.S. stocks fell on Wednesday as crude oil prices continued their descent, but the S&P closed out a third straight year of double-digit gains. The best-performing S&P component in 2014 was Southwest Airlines Co up 124.6 percent, while Transocean Ltd, down 62.9 percent, was the worst. "The fact of the matter is markets put in a solid year in spite of...

  • US STOCKS-Wall St edges lower as oil decline continues Wednesday, 31 Dec 2014 | 2:17 PM ET

    NEW YORK, Dec 31- U.S. stocks were little changed on Wednesday, putting major indexes on track to close out 2014 just off record levels, as crude oil prices continued their descent. Brent shed 1.7 percent to $56.88. Diamond Offshore fell 2.6 percent to $37.08 and Noble Corp was off 2.3 percent at $16.65.

  • Midday movers: Macy's, Delta & more Wednesday, 31 Dec 2014 | 12:21 PM ET
    Traders work on the floor of the New York Stock Exchange, Dec. 29, 2014.

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

  • Oil stocks see 'bottom' in crude, but analysts do not Wednesday, 17 Dec 2014 | 3:00 PM ET

    Oil stocks bounced, in their best day in three years, but oil industry analysts say the equities may be premature in celebrating a bottom in oil prices.

  • Midday movers: Chevron, Crocs, JetBlue & more Tuesday, 16 Dec 2014 | 2:25 PM ET
    Wall Street subway station NYSE

    Some of Tuesday's midday movers:

  • Dec 8- Precision Drilling Corp said it expected 2015 capital spending to be 44 percent lower than this year's already lowered budget as a steep fall in oil prices threaten to render exploration and development project uneconomic. Precision Drilling, Canada's largest oil and gas drilling contractor, said it expected to spend C $493 million next year.

  • *Dow, S&P 500 hit intraday and closing records. NEW YORK, Dec 3- U.S. stocks rose on Wednesday, with both the Dow and S&P 500 ending at records, as data pointed to improving conditions in the U.S. services sector, boosting cyclical stocks. Both the Dow and S&P also ticked to intraday records in a quiet session, with many traders looking ahead to tomorrow's key meeting of the...

  • Wednesday's midday movers: Apple, Kraft & more Wednesday, 3 Dec 2014 | 12:26 PM ET
    Traders on the floor of the New York Stock Exchange, December 1, 2014.

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

  • NEW YORK, Dec 3- U.S. stocks rose modestly on Wednesday as energy-related shares rose for a third straight session and data pointed to improving conditions in the U.S. services sector, which makes up a majority of the economy. Cimarex Energy was the S&P 500' s top percentage gainer, up 5.9 percent at $108.98. Diamond Offshore rose 3.7 percent to $31.46.

  • Stocks mixed; energy sector smacked by oil's drop Monday, 3 Nov 2014 | 4:40 PM ET
    A trader works on the floor of the New York Stock Exchange Oct. 31, 2014.

    Stocks rose Monday, after October gains left the Dow Jones Industrial Average and S&P 500 at records.