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Halliburton Co

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  • U.S. securities class action lawsuits shrink in size Tuesday, 27 Jan 2015 | 12:01 AM ET

    Losses claimed by shareholders, measured by how much stock prices fell when alleged frauds were disclosed, shrank 45 percent in 2014 to an eight-year low of $57 billion, a study released Tuesday by Cornerstone Research and Stanford Law School showed. The average size dropped to $34 million, a three-year low, in 2014 from $86 million a year earlier, a study released...

  • NEW YORK— General Electric Co. posted higher revenue and net income for the fourth quarter, but was held back from even better results by a sputtering performance from its expanding oil and gas division. On an adjusted basis, the company earned 56 cents a share, matching what analysts surveyed by Zacks Investment Research expected, on average.

  • Titans of the sector such as Schlumberger NV and Halliburton Co may have a chance to scoop up assets and know-how from rivals less able to weather the downturn, as their deeper pockets give them a major tactical advantage. Schlumberger was one of his top three holdings as of end-December, according to the fund fact sheet. Norway's Seadrill Ltd for instance has...

  • Oil majors seek to claw back costs from service firms Thursday, 22 Jan 2015 | 10:30 AM ET

    While keen to avoid accusations of ganging up to force terms on suppliers, they are exploring measures that are likely to put further pressure on services companies such as Schlumberger and Halliburton, which have already cut thousands of jobs as business shrinks. In 2000 s, when we became rich, we became less cost-efficient, "said Claudio Descalzi, chief...

  • US STOCKS-Wall St edges up on ECB hopes, but IBM weighs Wednesday, 21 Jan 2015 | 10:09 AM ET

    *IBM shares fall after results, Netflix rallies. NEW YORK, Jan 21- U.S. stocks were flat on Wednesday as reports that new stimulative measures would be announced by the European Central Bank, though a tepid outlook from IBM limited the day's gains. The ECB's Executive Board has proposed a quantitative easing program that would see the ECB buy roughly 50 billion...

  • Today's late day rally doesn't make me feel better Tuesday, 20 Jan 2015 | 4:25 PM ET
    Trader on the floor of the New York Stock Exchange.

    There are several macro issues that are weighing on the markets, Bob Pisani says.

  • Stocks land in positive terrain as volatility reigns Tuesday, 20 Jan 2015 | 4:17 PM ET
    A trader works on the floor of the New York Stock Exchange, Oct. 31, 2014.

    Stocks rose on Tuesday as investors tracked the price of oil and fourth-quarter earnings.

  • *FXCM plummets, details loan agreement. NEW YORK, Jan 20- U.S. stocks closed little changed on Tuesday after the International Monetary Fund reduced its growth forecasts for 2015 and 2016, increasing speculation central banks would take more aggressive policy moves to spark economic improvement. "Any sense at all that the ECB disappoints, you will see the...

  • HOUSTON— Oil services company Baker Hughes Inc. will lay off about 7,000 workers as it prepares for a downturn in orders because of the plunge in crude prices, the company said Tuesday. The layoffs represent about an 11 percent cut to the 62,000- plus workers Baker Hughes says it employs worldwide. Oil services rival Halliburton had announced in November it...

  • *FXCM plummets, details loan agreement. NEW YORK, Jan 20- U.S. stocks dipped on Tuesday after the International Monetary Fund reduced its growth forecasts for 2015 and 2016, but the outlook also boosted hopes central banks would take more aggressive policy moves to spark economic improvement. "It looks like the Fed is super happy to pass that torch to the next...

  • US STOCKS-Wall St falls after IMF cuts growth outlook Tuesday, 20 Jan 2015 | 12:48 PM ET

    *FXCM plummets 90 percent, details loan agreement. NEW YORK, Jan 20- U.S. stocks fell on Tuesday after the International Monetary Fund lowered its growth forecasts for 2015 and 2016, though the move spurred hopes that central banks would take more aggressive policy stances to accelerate economic improvement. The upside to seeing less international growth is...

  • *Halliburton says job cuts to be in line with primary competitors. Jan 20- Oilfield service providers Baker Hughes Inc and Halliburton Co plan to cut thousands of jobs as drilling activity slows further due to a steep fall in crude oil prices. Baker Hughes, which is being acquired by Halliburton in a near- $35 billion deal, said earlier in the day it would lay off 7,000...

  • Halliburton, Baker Hughes see a tough 2015 Tuesday, 20 Jan 2015 | 10:22 AM ET

    Baker Hughes and Halliburton posted better-than-expected profits, but warned that a drop in drilling due to weak oil prices would hurt results in 2015.

  • *Oil lower again; Halliburton rises after results. *FXCM shares plummet 90 percent, details loan agreement. NEW YORK, Jan 20- U.S. stocks edged lower on Tuesday after the International Monetary Fund lowered its growth forecasts for 2015 and 2016, though the move spurred hopes that central banks would take more aggressive policy stances to accelerate economic...

  • WASHINGTON, Jan 20- The U.S. Supreme Court on Tuesday allowed lawsuits to move forward against government contractors in Iraq and Afghanistan by declining to hear appeals filed by KBR Inc and Halliburton Co.. Staff Sergeant Ryan Maseth, who died in 2008 after being electrocuted in his barracks in Iraq. There are a series of cases against private contractors...

  • WASHINGTON, Jan 20- The U.S. Supreme Court on Tuesday allowed lawsuits to move forward against government contractors in Iraq and Afghanistan by declining to hear appeals filed by KBR Inc and Halliburton Co..

  • *Baker Hughes fourth-quarter adjusted profit $1.44 vs est $1.07. Jan 20- Oilfield services provider Baker Hughes Inc said it expects to lay off about 7,000 employees, days after industry leader Schlumberger Ltd said it would cut jobs as drilling activity slows due to a steep fall in oil prices. Halliburton, which is buying Baker Hughes in a near- $35 billion deal,...

  • *Oil lower again; Halliburton rises after results. *FXCM shares plummet 90 percent, details loan agreement. NEW YORK, Jan 20- U.S. stock index futures pointed to a higher open on Tuesday as lower growth forecasts from the International Monetary Fund spurred hopes that central banks would take more aggressive policy stances to accelerate economic improvement.

  • Early movers: MS, DAL, FB, JCP, HAL, T & more Tuesday, 20 Jan 2015 | 8:13 AM ET
    Traders on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Jan 20- Oilfield service providers Baker Hughes Inc and Halliburton Co posted better-than-expected quarterly profits on resilient demand, but warned that a fall in drilling activity due to weak oil prices would hurt results in 2015.. Halliburton, which is buying Baker Hughes in a $35 billion deal, said it took a $129 million restructuring charge in the fourth...