Some of Wednesday's midday movers:» Read More
April 17- Oilfield services providers Schlumberger Ltd and Baker Hughes Inc each posted better-than-expected quarterly profit on Thursday, though they said pockets of weakness loom in Brazil, Canada, Russia and other drilling regions.
*Schlumberger first-quarter profit $1.21/ share vs est. *Baker Hughes first-quarter adjusted profit $0.84/ shr est. April 17- Oilfield services companies Schlumberger Ltd and Baker Hughes Inc reported better-than-expected quarterly profits and signaled an improvement in the North American market, driven by increased drilling in the Gulf of Mexico.
April 17- Schlumberger Ltd, the world's largest oilfield services company, reported a profit that beat analysts' estimates for the tenth straight quarter, but revenue fell short of expectations due to reduced drilling and pricing pressure in Latin America.
April 17- Schlumberger Ltd, the world's largest oilfield services company, reported a slightly better-than-expected quarterly profit on strong growth in the Middle East and North America.
Sixty-seven settlements worth $4.77 billion, the highest dollar amount in six years, won court approval in 2013, up from 57 settlements worth $3.26 billion a year earlier, according to the study released on Thursday by Cornerstone Research.
NEW YORK, March 21- World markets steadied on Friday after a volatile week driven by speculation over shifts in U.S. monetary policy, with equities holding near break-even, the euro up slightly against the dollar and crude oil rising on fear of supply disruptions over Crimea.
*Stocks buoyed as fear of further Ukraine tensions ebb. Brent remained on track for a fourth weekly loss, however, and President Vladimir Putin signed laws completing Russia's annexation of Crimea on Friday.
*Nike falls after results, Tiffany rises. Geopolitical issues remained in focus after President Vladimir Putin signed laws completing Russia's annexation of Crimea and investors took fright at a U.S. decision to slap sanctions on his inner circle.
Jim Cramer is willing to go anywhere and do anything to make you money. That includes packing up his TV show and taking it to Louisiana.
WASHINGTON, March 5- U.S. Supreme Court justices on Wednesday appeared to look for a compromise that would give publicly traded companies better defenses against securities class actions without overruling a 26- year-old precedent that made it easier for plaintiffs to negotiate large settlements.
WASHINGTON, March 5- U.S. Supreme Court justices on Wednesday appeared to look for a compromise that would enable them to avoid overruling a 26- year-old precedent that made it easier for plaintiffs to negotiate large securities class action settlements.
The Supreme Court is considering whether to make it tougher for investors to band together to sue corporations for securities fraud.
WASHINGTON, March 4- In a case eagerly watched by publicly traded companies regularly sued by investors, the U.S. Supreme Court will on Wednesday consider overruling a 26- year-old precedent that made it easier for plaintiffs to negotiate large class action settlements.
Feb 25- Oilfield services provider Weatherford International Ltd said it would divest five businesses, exit another as it struggles with weak demand in North America, and has identified 6,192 positions for job cuts as part of a previously announced plan.
Feb 25- Oilfield services provider Weatherford International Ltd said it would divest five businesses, exit another and lay off 6192 employees as it struggles with weak demand in North America. The company, which is being probed for violations of the United Nations oil-for-food program in Iraq, on Tuesday also reported a wider quarterly net loss.
Some of Friday's midday movers:
Jan 30- Oilfield services company Weatherford International Ltd said it would cut 7,000 jobs and warned that its fourth-quarter profit would miss its forecast, hurt by severe winter in North America and operational disruptions in the Middle East.
LONDON, Jan 30- Cutting the cost of everything from salaries and steel pipes to seismic surveys and drilling equipment is the central challenge for the oil and gas industry over the next five years.
NEWCASTLE, England, Jan 23- General Electric's oil and gas division will start pilot production of 3 D printed metal fuel nozzles for its gas turbines in the second half of this year, a major step towards using the technology for mass-manufactured parts in the industry.
The world's three largest publicly traded oil field servicing companies trumped analysts' earnings expectations in the final three months of 2013.