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Halliburton Co

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  • May 5- Animal health products maker Zoetis Inc said it would reduce operations in Venezuela and consider selling or exiting 10 manufacturing sites over the long term. Ackman's Pershing Square Capital Management was Zoetis's biggest shareholder with an 8.35 percent stake as of April 10, according to Thomson Reuters data. Zoetis, which was spun off from Pfizer...

  • WASHINGTON, May 4- New orders for U.S. factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar. The report on Monday from the Commerce Department was the latest indication that the rebound from the first quarter's...

  • *Factory orders rise 2.1 percent on transportation. WASHINGTON, May 4- New orders for U.S. factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar. The report on Monday from the Commerce Department was the latest...

  • Operating conditions in Venezuela worsened in February after President Nicolas Maduro's socialist government launched a 70 percent devaluation of the bolivar via a new "free floating" currency system known as Simadi. Herbalife, which did not return messages seeking comment, has said in regulatory filings it may be forced to deconsolidate its operations in...

  • April 29- General Motors Co said it is likely it will cease vehicle production in Venezuela in July as the automaker joins other U.S. corporations in taking action to shield their profits from the South American country's volatile currency. GM has one plant in Venezuela, in Valencia, where it builds the Chevrolet Aveo and Cruze cars, the Orlando crossover vehicle...

  • WASHINGTON, April 29- U.S. economic growth nearly stalled in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices slashed spending. Gross domestic product expanded at an only 0.2 percent annual rate, the Commerce Department said on Wednesday. A strong dollar and a now-resolved labor dispute at...

  • WASHINGTON, April 29- U.S. economic growth braked more sharply than expected in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices slashed spending, but there are signs activity is picking up. A strong dollar and a now-resolved labor dispute at normally busy West Coast ports also slammed growth, the...

  • WASHINGTON, April 29- U.S. economic growth braked more sharply than expected in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices slashed spending, but there are signs activity is picking up. Gross domestic product expanded at an only 0.2 percent annual rate, the Commerce Department said on...

  • WASHINGTON, April 29- U.S. economic growth likely braked sharply in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices cut spending, but there are signs activity is picking up. A strong dollar and a now-resolved labor dispute at normally busy West Coast ports also likely constrained growth.

  • WASHINGTON, April 24- U.S. business investment spending plans fell for a seventh straight month in March, weighed down by a strong dollar and lower energy prices, suggesting the economy was struggling to rebound from a recent soft patch. The report from the Commerce Department on Friday came on the heels of lukewarm data on retail sales, employment and housing...

  • US business investment falls for 7th straight month Friday, 24 Apr 2015 | 12:03 PM ET
    Household appliances for sale at a Home Depot in Chicago.

    U.S. business investment spending plans fell for a seventh straight month, suggesting the economy could struggle to rebound from a soft patch.

  • WASHINGTON, April 24- U.S. business investment spending plans fell for a seventh straight month in March, likely weighed down by a strong dollar and lower energy prices, suggesting the economy could struggle to strongly rebound from the first quarter's soft patch. The dour report from the Commerce Department on Friday came on the heels of lukewarm data on retail...

  • WASHINGTON, April 24- U.S. business investment spending plans fell for a seventh straight month in March, likely weighed down by a strong dollar and lower energy prices, suggesting the economy could struggle to rebound from a soft patch hit at the start of the year. The Commerce Department said on Friday non-defense capital goods orders excluding aircraft, a...

  • Cramer Remix: Here's the winner of the Web! Wednesday, 22 Apr 2015 | 7:05 PM ET
    Jim Cramer on Mad Money.

    “Mad Money” host Jim Cramer declares the search is over for the best online stock.

  • Cramer's epic Earth Day green energy plays Wednesday, 22 Apr 2015 | 6:34 PM ET
    Solar panel instalation

    Jim Cramer honored Earth Day by prepping investors on his take for the best plays in the alternative energy space.

  • Halliburton cuts workforce by 10% as oil falls Tuesday, 21 Apr 2015 | 10:36 AM ET
    Halliburton oil fracking

    With its first quarter earnings, Halliburton reported losses of $643 million and the layoff of 9,000 employees, NBC News reports.

  • Oil job cuts show no signs of slowing down   Tuesday, 21 Apr 2015 | 10:30 AM ET
    Oil job cuts show no signs of slowing down

    CNBC's Mary Thompson on the shrinking oil industry.

  • April 21- Baker Hughes Inc, which is being bought by Halliburton Co for $35 billion, said it expects "unfavorable market conditions" to persist in the second quarter as drillers turn off more rigs, intensifying a glut in oilfield services. The rig count in North America, a region that accounts for 44 percent of Baker Hughes' revenue, has halved to 1,000 so far this year.

  • Baker Hughes reports quarterly loss on $772 mln charge Tuesday, 21 Apr 2015 | 8:17 AM ET

    April 21- Oilfield services provider Baker Hughes Inc, which is in the process of being acquired by Halliburton Co for $35 billion, posted a quarterly loss compared with a year-earlier profit as it recorded a $772 million charge related to restructuring and other items. Baker Hughes said it would cut 10,500 jobs, or 17 percent of its global workforce, up from 7,000...

  • April 20- Halliburton Co's decision to cut fewer jobs and keep its logistics network intact to capitalize on its pending merger with Baker Hughes Inc could give Schlumberger NV an edge at a time when cost cuts look like the best way forward. "I think in the very near term, Schlumberger is going to make more money than Halliburton because it's not carrying the extra...