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Halliburton Co

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  • *First-quarter GDP revised down to show contraction. *GDP shrinks at a 0.7 percent annual rate. WASHINGTON, May 29- The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly.

  • *First-quarter GDP revised down to show contraction. *GDP shrinks at a 0.7 percent annual rate. WASHINGTON, May 29- The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent dollar, but activity has rebounded modestly.

  • *First-quarter GDP seen revised down to show contraction. GDP forecast shrinking at a 0.8 percent annual rate. WASHINGTON, May 29- The U.S. economy likely contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent dollar, but activity since has rebounded modestly.

  • Drilling cutbacks drag down job growth in oil patch Wednesday, 27 May 2015 | 10:27 AM ET

    WASHINGTON— Hammered by cheaper oil, drilling firms have laid off workers and dragged job growth lower in states from Texas to North Dakota. Texas lost 8,300 jobs in the sector, the most in six years, while Wyoming lost jobs in the industry for the fifth straight month. Overall, Texas gained 1,200 jobs in April, a small expansion compared to its average monthly...

  • WASHINGTON, May 26- A gauge of U.S. business investment spending plans rose solidly for a second straight month in April and consumer confidence perked up this month, signs economic growth was picking up after sputtering in the first quarter. "These are likely just the first of what is expected to be a large number of reports showing the economy is bursting with new...

  • WASHINGTON, May 26- The U.S. Supreme Court on Tuesday handed a victory to government contractor KBR Inc by ruling that a law that extends the time frame for fraud claims committed against the United States during wartime does not apply to civil claims. The decision benefits KBR, which is fighting whistleblower claims alleging it defrauded the U.S. government...

  • WASHINGTON, May 26- U.S. business investment spending plans increased solidly for a second straight month in April, a hopeful sign for manufacturing activity after a long spell of weakness. "It provides some indication that business capital investment activity might be on the mend," said Millan Mulraine, deputy chief economist at TD Securities in New York.

  • U.S. business spending plans rise solidly in April Tuesday, 26 May 2015 | 8:30 AM ET

    WASHINGTON, May 26- U.S. business investment spending plans increased solidly for a second straight month in April, a hopeful sign for manufacturing activity after a recent long spell of weakness. The Commerce Department said on Tuesday non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rose 1.0 percent...

  • WASHINGTON, May 21- The number of Americans filing new claims for unemployment benefits rose slightly more than expected last week, but the underlying trend continued to point to a rapidly tightening labor market. Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 274,000 for the week ended May 16, the Labor Department...

  • *Weekly jobless claims rise 10,000. WASHINGTON, May 21- The number of Americans filing new claims for unemployment benefits rose slightly more than expected last week, but the underlying trend continued to suggest the labor market was tightening. Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 274,000 for the week...

  • Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 274,000 for the week ended May 16, the Labor Department said on Thursday. A Labor Department analyst said there was nothing unusual in the state-level data and no states had been estimated. Outside the energy sector, which has lost thousands of jobs so far this year as...

  • Transocean settles 2010 oil spill case for $211M Wednesday, 20 May 2015 | 6:51 PM ET
    Steve Newman, CEO Transocean

    The case stems from a 2010 rig explosion that killed 11 workers and sent oil spewing into the Gulf of Mexico for 87 days.

  • A series of settlements in 2010 Gulf oil spill Wednesday, 20 May 2015 | 5:48 PM ET

    In a separate development, oil giant BP— which leased the rig from Transocean— reached settlements resolving years of complicated spill-related litigation with Transocean, and with contractor Halliburton, which did cement work on the rig before it exploded in April 2010. But Transocean and Halliburton also were found to have some responsibility.

  • May 20- Oilfield services provider Halliburton Co and contract driller Transocean Ltd said they have settled all claims with BP Plc related to the 2010 Gulf of Mexico oil spill. Halliburton, which did the cementing work for BP's well, had earlier blamed BP's decision to use only six centralizers for the blowout that spilled millions of barrels of oil for 87 days.

  • May 20- U.S. oilfield services provider Halliburton Co said it has reached an agreement with BP Plc to resolve issues related to the Gulf of Mexico oil spill in 2010.. The company said the agreement includes the dismissal of all claims against each other related to the spill. Halliburton said in September it reached a $1.1 billion settlement for a majority of...

  • Hedge funds are beating the S&P 500; here's how Monday, 18 May 2015 | 4:02 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Stock-picking hedge funds are finally beating low-cost equity index funds this year—here's how the best did it.

  • NEW YORK, May 15- Top U.S. hedge fund management firms, including Dan Loeb's Third Point LLC and Farallon Capital Management, trimmed some of their equity exposure in eBay Inc, but kept high positions in the e-commerce company's shares during the first quarter, according to regulatory filings. MD Sass Investors Services Inc liquidated its position in eBay,...

  • WASHINGTON, May 15- U.S. industrial production unexpectedly fell for a fifth straight month in April due in part to a further decline in oil and gas drilling, suggesting that the economy is growing at only a modest pace in the second quarter. The economy's struggle to pick up steam after a dismal first quarter was underscored by other data on Friday showing a drop in...

  • *New York state manufacturing rebounds. The economy's struggle to pick up steam after a dismal first quarter was underscored by other data on Friday showing a sharp drop in consumer confidence in early May and only a mild rebound in factory activity in New York state. These are not the numbers that would inspire confidence in the Fed to tighten policy, "said Millan...

  • NEW YORK, May 14- After 20 years in the oil business, Craig Reed, 62, is thinking about winding down his career just as a second downturn in six years rocks the industry. For him, it is maybe two more projects and then retirement beckons, with a holiday home in Maine that needs work. Industry data show energy firms have cut at least 125,000 jobs worldwide since crude...