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  • WASHINGTON, Aug 27- The U.S. economy grew faster than initially thought in the second quarter on solid domestic demand, showing fairly strong momentum that could still allow the Federal Reserve to hike interest rates this year. Gross domestic product expanded at a 3.7 percent annual pace instead of the 2.3 percent rate reported last month, the Commerce...

  • WASHINGTON, Aug 27- The U.S. economy grew faster than initially thought in the second quarter on solid domestic demand, showing fairly strong momentum that could still allow the Federal Reserve to hike interest rates this year. Gross domestic product expanded at a 3.7 percent annual pace instead of the 2.3 percent rate reported last month, the Commerce...

  • WASHINGTON, Aug 26- A gauge of U.S. business investment plans recorded its largest increase in just over a year in July, suggesting the United States was in good shape to withstand growing strains in the global economy. The Commerce Department said on Wednesday non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending...

  • WILLISTON, N.D., Aug 19- Oilfield service companies eager for work amid plunging crude oil prices have until the end of Wednesday to bid for a guaranteed job: plugging a North Dakota well abandoned by a producer closing up shop in the No. 2 U.S. oil patch. Whichever oilfield service company does the plugging, be it Halliburton Co, Schlumberger NV or another firm, the job...

  • HOUSTON, Aug 7- Business is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years. At Halliburton, some of the capital to finance the sales will come from $500 million in backing from asset manager BlackRock, part of a wave of alternative finance...

  • *Average hourly earnings rise 5 cents; work week up. WASHINGTON, Aug 7- U.S. employment rose at a solid clip in July and wages rebounded after a surprise stall in the prior month, signs of an improving economy that opened the door wider to a Federal Reserve interest rate increase in September. Nonfarm payrolls increased 215,000 last month as a pickup in construction...

  • *Average hourly earnings rise 5 cents, work week up. WASHINGTON, Aug 7- U.S. employment rose at a solid clip in July and wages rebounded after a surprise stall in the prior month, signs of an improving economy that could open the door wider to a Federal Reserve interest rate hike in September. Nonfarm payrolls increased 215,000 last month as a pickup in construction...

  • *Average hourly earnings rise 5 cents, work week up. WASHINGTON, Aug 7- U.S. employment rose at a solid clip in July and wages rebounded after a surprise stall in the prior month, signs of an improving economy that could open the door wider to a Federal Reserve interest rate hike in September. Nonfarm payrolls increased 215,000 last month as a pickup in construction ad...

  • HOUSTON, Aug 7- Business is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years. At Halliburton, some of the capital to finance the sales will come from $500 million in backing from asset manager BlackRock, part of a wave of alternative finance...

  • WASHINGTON, Aug 7- The number of U.S. jobs probably rose at a healthy pace in July and wages likely rebounded in data due on Friday, providing further signs of an improving economy that could allow the Federal Reserve to raise interest rates in September. The Labor Department will release its closely watched employment report on Friday at 8:30 a.m..

  • Sewage flow becomes Williston's oil bust indicator Thursday, 6 Aug 2015 | 1:00 AM ET

    That's not going to catch any swift changes in the population of cities like Williston. "Here in Williston, the growth rate is not predictable," said David Tuan, director of the city's public works department. The recent high-water mark for Williston's population was 33,866 in August of last year, just before the oil price collapse.

  • NEW YORK, Aug 2- Oilfield services provider Halliburton Co announced in a statement on Sunday it had received a request from the European Commission for additional information about its proposed $35 billion merger with rival Baker Hughes Inc.. Halliburton's statement said the European regulators' request came as a response to a standard notification form...

  • *Second-quarter GDP expands at 2.3 percent rate. WASHINGTON, July 30- U.S. economic growth accelerated in the second quarter as solid consumer spending offset the drag from weak business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year. Gross domestic product expanded at a 2.3...

  • *Second-quarter GDP expands at 2.3 percent rate. WASHINGTON, July 30- U.S. economic growth accelerated in the second quarter as a pick-up in consumer spending offset the drag from soft business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year. Gross domestic product expanded at a...

  • *Second-quarter GDP forecast to rise at 2.6 percent rate. WASHINGTON, July 30- U.S. economic growth likely accelerated in the second quarter as a pick-up in consumer spending and housing offset the drag from trade and the energy sector, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year.

  • 'Good selling opportunity' in oil stocks: Expert Tuesday, 28 Jul 2015 | 3:42 PM ET
    Technicians prepare oil drilling equipment to be used at Vaca Muerta Shale oil reservoir in Loma Campana. YPF has an agreement with US Chevron to exploit Vaca Muerta.

    While big-name oil stocks rose in tandem with the commodity Tuesday, they're still slated to struggle, one industry analyst said.

  • WASHINGTON, July 27- A gauge of U.S. business investment plans rebounded solidly in June after two straight months of declines, suggesting the drag on manufacturing from capital spending cuts was starting to ebb. "This could be a sign that manufacturing activity is starting to pick up again following the weak start to the year," said Daniel Silver, an economist at...

  • *Core capital goods orders rise 0.9 percent in June. WASHINGTON, July 27- A gauge of U.S. business investment plans rebounded solidly in June, suggesting the drag on manufacturing from capital spending cuts was starting to ebb. The Commerce Department said on Monday non-defense capital goods orders excluding aircraft, a closely watched proxy for business...

  • Schlumberger Ltd, the world's No. 1 oilfield services provider said last week it believed the North American rig count may be bottoming and that a slow rise in both land drilling and completion activity could occur in the second half of the year. Schlumberger and rival Halliburton have slashed their capital expenditure budgets for this year.

  • July 24- Oilfield giants Schlumberger Ltd and Halliburton Co and many others in the oil and gas industry have announced plans to lay off thousands of people in the past few months as global oil prices have fallen more than 40 percent since June last year. Houston- based Schlumberger also said in April that it plans to cut another 11,000 jobs, bringing the total job...