China is letting U.S. firms play a bigger role in the industry in exchange for their U.S. expertise, says Oilprice.com.» Read More
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.
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.
The "Fast Money" traders share their final trades of the day.
NEW YORK, July 21- Major global stock markets fell and bond prices rallied on Monday as worries over conflict in the Gaza Strip and Ukraine raised uncertainty for investors and kept them away from riskier assets.
July 21- Halliburton Co, North America's top oilfield services provider, said it would add fracking equipment and crew to take advantage of higher demand in the region, signaling an industry-wide recovery after a two-year slump.
NEW YORK, July 21- Major global stock markets declined and bond prices rallied on Monday as worries over the Gaza Strip and Ukraine overshadowed optimism over corporate earnings.
*EMC jumps on report of activist investor stake. NEW YORK, July 21- U.S. stocks fell on Monday, following the sharpest moves in indexes in the past three months during the two previous sessions, as developments in Ukraine and the Gaza Strip continue to garner investor focus.
This week, a mother lode of second quarter earnings are due. Early results are giving Wall Street reasons to be encouraged.
July 21- Halliburton Co, the world's No.2 oilfield services provider, said it expect higher margins in North America in the current quarter due to strong drilling activity, signaling an industry-wide recovery in the region after a two-year slump.
Halliburton's shares rose 1.5 percent in trading before the bell, after the company also raised its share repurchase program to $6 billion from $5 billion.
*EMC jumps on report of activist investor stake. NEW YORK, July 21- U.S. stock index futures edged lower on Monday as developments in Ukraine and Middle East looked to dominate trading amid a thin economic calendar. Fighters from Hamas, which controls Gaza, have repeatedly tried to infiltrate Israel over the past week through a network of hidden tunnels.
Some of the names on the move ahead of the open.
July 21- Halliburton Co, the world's No. 2 oilfield services provider, reported a 20 percent rise in quarterly profit as drilling activity increased in the United States and the Gulf of Mexico. The company also increased its share repurchase program to $6 billion from $5 billion.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.
Stocks surged on Friday, reversing a sizable portion of the prior day’s losses. Where's the opportunity in the market?
July 17- Schlumberger Ltd's, the world's largest oilfield services company, reported better-than-expected second quarter revenue as drilling activity picked up in North America. Schlumberger and Baker Hughes provide several services, including seismic surveys that determine where oil lies under the earth's surface and hydraulic fracturing of wells.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
July 17- Baker Hughes Inc, the world's third-largest oilfield services company, posted a better-than-expected profit and said it expected increased activity for the remainder of the year. A pick up in drilling activity in North America and steady demand from the Middle East and Asia Pacific helped the company report a 47 percent jump in second-quarter profit.