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Halliburton Co

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  • Russia sanctions to stall Exxon’s Arctic oil plans Friday, 12 Sep 2014 | 8:31 PM ET

    Exxon Mobil’s ambitions in Russia appear to have been dashed, at least until the Ukraine crisis is resolved. The NYT reports.

  • Gulf of Mexico residents hail ruling against BP Friday, 5 Sep 2014 | 4:29 AM ET

    NEW ORLEANS— Environmentalists, recreational fishermen and people who make their living on the Gulf of Mexico are hailing a federal judge's ruling that could mean $18 billion in additional fines for BP over the nation's worst offshore oil spill. "BP should have to pay, they've done a lot of damage," Smith said.

  • *BP to appeal ruling over blame for disaster. *BP shares fall 5 percent in U.S. trading.

  • *BP shares fall 5 percent in U.S. trading. HOUSTON, Sept 4- BP Plc was "grossly negligent" for its role in the oil spill in the Gulf of Mexico four years ago, a U.S. district judge said on Thursday in a ruling that could add billions of dollars in fines to the more than $42 billion in charges taken so far for the worst offshore disaster in U.S. history.

  • Ruling could cost BP added $18B; stock slumps Thursday, 4 Sep 2014 | 12:24 PM ET

    NEW YORK— A judge's ruling in the 2010 Gulf of Mexico oil spill case that could cost BP an additional $17.6 billion in fines sent the company's shares tumbling Thursday. BP was found by U.S. BP shares fell $2.33, or 4.9 percent, to $45.38 in afternoon trading, reducing the company's market value by $7 billion.

  • HOUSTON, Sept 4- A federal judge has found oil giant BP Plc "grossly negligent" for its role in the 2010 spill in the Gulf of Mexico, a ruling that could add billions of dollars in fines to the more than $42 billion in charges taken so far for the worst offshore disaster in U.S. history. Shares of BP traded in the United States fell 5 percent, or $2.40, to $45.31.

  • Ruling against BP could mean $18 billion in fines Thursday, 4 Sep 2014 | 10:55 AM ET

    NEW ORLEANS— BP acted "recklessly" and bears most of the responsibility for the nation's worst offshore oil spill, a federal judge concluded Thursday, exposing the energy giant to roughly $18 billions of dollars in additional penalties.

  • HOUSTON, Sept 2- BP Plc asked a U.S. court on Tuesday to fire the court-appointed lawyer tasked with paying out compensation to people affected by the 2010 Gulf of Mexico oil spill, saying the lawyer had not disclosed an alleged conflict of interest before taking the job. "In order to restore the integrity of the claims program, the court should replace him," BP said.

  • Sept 2- Halliburton Co, North America's top oilfield services provider, said it reached a $1.1 billion settlement for a majority of claims related to its role in BP Plc's oil spill in the Gulf of Mexico in 2010.. The settlement, which includes legal fees, is subject to approval by the U.S. District Court for the Eastern District of Louisiana, Halliburton said.

  • BUSINESS-NEWS-SCHEDULE AT 1500 GMT / 11:00 a.m. ET Tuesday, 2 Sep 2014 | 11:02 AM ET

    Dollar General sweetens Family Dollar bid, may go hostile. Dollar General Corp raises its bid for Family Dollar Stores Inc to $9.1 billion, and warns it may turn hostile and appeal directly to shareholders if the new offer is rejected.

  • Halliburton reaches $1.1 billion Gulf spill deal Tuesday, 2 Sep 2014 | 10:50 AM ET
    Vessels gather near Transocean Ltd.'s Development Driller III, right, at the BP Plc Macondo well site in the Gulf of Mexico off the coast of Louisiana, U.S., on Thursday, July 29, 2010.

    Halliburton reached a settlement for claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010, FT reports.

  • Sept 2- Halliburton Co said it reached a $1.1 billion settlement for a majority of claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010.. The settlement, which includes legal fees, is subject to approval by the U.S. District Court for the Eastern District of Louisiana.

  • China's nat gas demand seen tripling by 2040 Friday, 22 Aug 2014 | 11:28 AM ET
    Workers tend to a drill well at an exploration site in the Longgang gas field in Lishan, in southwest China's Sichuan province.

    China is letting U.S. firms play a bigger role in the industry in exchange for their U.S. expertise, says Oilprice.com.

  • LONDON, Aug 6- The U.S. economy continues to recover from the depths of the Great Recession, although its speed, trajectory and cruising altitude remain the subject of fierce debate. Instead, companies have chosen to dip into their collective $1.8 trillion pile of cash to re-hire workers, fund merger and acquisitions activity or buy back their own shares.

  • Aug 6- Investors have wasted no time making high-frequency trading, the subject of Michael Lewis' recent best-selling book "Flash Boys: A Wall Street Revolt," a focus of securities class-action litigation, according to a study released on Wednesday.

  • US stocks hit by Fed fears and unease over Ukraine Tuesday, 5 Aug 2014 | 4:48 PM ET
    Traders work on the floor of the New York Stock Exchange (NYSE) on Friday.

    Stocks fell sharply Tuesday, with traders citing uncertainty about Ukraine and concerns of higher interest rates.

  • Energy firms rethink Russia after new sanctions Wednesday, 30 Jul 2014 | 11:44 PM ET
    The flag of Russia.

    The downing of MH17 and tougher sanctions against Russia are pushing multinational energy companies to take a fresh look at the results of the crisis.

  • LONDON, July 30- U.S. and European companies dominate the global market in oil exploration and production, especially projects requiring complex engineering and reservoir management, but they will face increasing competition from China over the next decade.

  • NEW YORK, July 21- Major global stock markets fell and bond prices rallied on Monday as worries over conflicts in the Gaza Strip and Ukraine raised uncertainty for investors and kept them away from riskier assets.

  • Stocks end lower amid caution on Ukraine and Gaza Monday, 21 Jul 2014 | 4:21 PM ET
    Trader on the floor of the New York Stock Exchange.

    Stocks declined Monday as global disapproval of Russia increased after the downing of a passenger plane in Ukraine.