With its first quarter earnings, Halliburton reported losses of $643 million and the layoff of 9,000 employees, NBC News reports.» Read More
*Q4 adjusted loss 23 cents/ share vs est 32 cents. Feb 12- Rig contractor Hercules Offshore Inc said it slashed its workforce by nearly a third and cut salaries, as the company keeps a tight leash on costs to counter a fall in demand due to a slump in crude oil prices. Oil and gas producers, drillers and services providers such as Cenovus Energy Inc, BG Group Plc,...
*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..
Former Clinton Deputy Treasury Secretary Roger Altman tells CNBC it's too early to say if the Russia-Ukraine cease-fire is a good deal.
MOSCOW, Feb 8- Russia has put 199 major companies on a list of strategic firms eligible for state assistance under the government's plan to help the ailing economy, the Economy Ministry said on Sunday. Russia is sliding towards recession and Moscow has come up with an anti-crisis plan promising state support for various sectors of the economy but giving few...
Feb 5- Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit as a jump in corporate dealmaking boosted M&A advisory fees. Lazard's M&A and other advisory fees rose 17 percent to $297.2 million in the fourth quarter ended Dec. 31, from a year earlier. Among the deals Lazard advised on during the quarter were specialty...
*Banks bulking up include Barclays, RBS, SocGen, Naxitis. SYDNEY, Feb 5- European investment banks that scaled back in Australia after the global financial crisis are scrambling to rebuild advisory and financing teams, keen for a slice of A $90 billion worth of privatisations expected in the next three years. With investors focused on countries possessing high...
Brooklyn Nets ownership is open to offers to sell stake in the team, but nothing is imminent, owner Mikhail Prokhorov said.
The U.S. economy is "gathering strength" and plummeting oil prices are actually a "big plus" for Americans, Evercore's Roger Altman tells CNBC.
*BMW and China dealers reach settlement over subsidies. *Dealers say $820 mln deal struck, BMW declines confirm details. SHANGHAI/ FRANKFURT, Jan 5- BMW will pay 5.1 billion yuan to auto dealers in China who pressured the world's top luxury carmaker to share the cost of overstocked showrooms, BMW's main Chinese dealership group said on Monday.
*BMW and China dealers reach settlement over subsidies. SHANGHAI/ FRANKFURT, Jan 5- BMW will pay 5.1 billion yuan to auto dealers who pressured Europe's top luxury carmaker to share the cost of overstocked showrooms in the world's largest car market, BMW's main Chinese dealership group said on Monday. BMW started subsidizing its dealers in 2012 due to falling...
The M&A frenzy this year will mean bonus checks for Wall Street's biggest rainmakers. But the happiest bankers may work at small firms.
Ray Dalio, founder of the world's biggest hedge fund Bridgewater Associates, says the Fed should wait for inflation signs before hiking interest rates.
Rupert Murdoch's Twenty-First Century Fox is expected to make an aggressive case for merging with Time Warner during its quarterly earnings call.
Some of the names on the move ahead of the open.
Evercore Partners said it plans to acquire the operating business of ISI International Strategy & Investment.
Two of Wall Street's most influential dealmakers have a message for Washington: Make U.S. corporate taxes more competitive in the global economy before its too late.
In our Talking Squawk blog, Joe appears on "The Daily Show" in a clip of his Rick Perry interview; Becky loses her breath on TV; and Andrew talks cocktails.
Merck is considering selling a big portfolio of mature drugs that could fetch more than $15 billion, according to people familiar with the matter.
Ian Read, CEO of Pfizer, flew into London for a round of meetings with politicians and investors ahead of an expected fresh bid for AstraZeneca.
Wireless Internet access in the sky is taking off, promising better connections for travelers and a bonanza for companies that sell the systems.