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Halliburton Co

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  • *Q4 adjusted loss 23 cents/ share vs est 32 cents. Feb 12- Rig contractor Hercules Offshore Inc said it slashed its workforce by nearly a third and cut salaries, as the company keeps a tight leash on costs to counter a fall in demand due to a slump in crude oil prices. Oil and gas producers, drillers and services providers such as Cenovus Energy Inc, BG Group Plc,...

  • Looking for solid ground in Greece, US data Wednesday, 11 Feb 2015 | 7:15 PM ET
    A man adjusts a Greek flag ahead of the visit of Greek Prime Minister Alexis Tsipras at the European Commission headquarters in Brussels February 4, 2015.

    Europe will take central focus, as investors take in the latest developments on the Greek-euro zone standoff while eyeing U.S. data.

  • Will the oil and gas cost cuts be permanent?   Tuesday, 10 Feb 2015 | 6:45 PM ET
    Will the oil and gas cost cuts be permanent?

    Big oil firms are taking the opportunity to cut costs and future rehiring will depend on the stability of oil prices, says Kevin Gibson, managing director for APAC at EarthStream.

  • *Apple up after bond pricing, sets market cap record. NEW YORK, Feb 10- U.S. stocks rose on Tuesday on hopes that Greek debt negotiations could result in a deal that stabilizes Europe, while Apple helped lift the S&P 500 and Nasdaq as it became the first U.S. company worth more than $700 billion. Investors focused on news from Greece and Ukraine, said Adam Sarhan, chief...

  • A trader works on the floor of the New York Stock Exchange.

    U.S. stocks closed up about 1 percent as investors shook off early negative news out of Greece on hopes of a resolution.

  • NEW YORK, Feb 10- U.S. oil services company Halliburton said on Tuesday it expects to cut potentially more than 6,000 jobs across the globe because a "challenging market environment" resulting from low oil prices. Halliburton, the latest in a growing list of major oil industry companies laying off workers because of a worldwide glut of crude, said it expects to let...

  • Halliburton to cut up to 8% of jobs as oil falls Tuesday, 10 Feb 2015 | 2:57 PM ET
    Halliburton oil fracking

    Halliburton will layoff between 6.5 and 8 percent of its global staff, the oil field services company said Tuesday.

  • NEW YORK, Feb 10- U.S. oil services giant Halliburton said it expects to cut between 6.5 percent to 8 percent of its global workforce due to the "challenging market environment" caused by low oil prices. Halliburton says impacts of layoffs will be across all company operations. Oil prices have halved since June due to a global glut of oil, forcing many firms to cut...

  • Halliburton job cuts; First warning?   Tuesday, 10 Feb 2015 | 2:13 PM ET
    Halliburton job cuts; First warning?

    Halliburton will cut its work force by up to 8 percent. Pavel Molchanov, Raymond James, weighs in on the energy slump, and if we can expect further job cuts from other energy companies.

  • Halliburton to cut jobs   Tuesday, 10 Feb 2015 | 2:04 PM ET
    Halliburton to cut jobs

    Haliburton will cut its work force by up to 8 percent, reports CNBC's Sue Herera.

  • Oil layoffs could come back to haunt the industry Tuesday, 10 Feb 2015 | 11:10 AM ET
    Flared natural gas is burned off at Apache Corporations operations at the Deadwood natural gas plant in the Permian Basin in Garden City, Texas.

    Job cuts are inevitable as oil prices tumble, but layoffs today could have significant ramifications for the sector tomorrow.

  • Power Play: 5 stocks for market volatility Monday, 9 Feb 2015 | 1:27 PM ET
    Traders work the floor of the New York Stock Exchange.

    Two market veterans tell CNBC's "Power Lunch" how to make money in volatile market during economic recovery.

  • Cramer: How to make money in wild market swings Wednesday, 4 Feb 2015 | 6:13 PM ET
    Al Pacino portrays Tony Montana, a Cuban immigrant turned kingpin, in a scene from the film "Scarface."

    Jim Cramer thinks this market is like the movie "Scarface." He teaches investors how to make money in a wild market.

  • Next for oil: Mergers, layoffs and 'death spirals' Thursday, 29 Jan 2015 | 11:44 AM ET
    A floor hand for Raven Drilling works on an oil rig, drilling into the Bakken shale formation outside Watford City, N.D.

    An oncoming wave of oil industry job cuts and restructuring is only the first inning of a long game, experts tell CNBC.

  • 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...

  • Oil patch layoffs a drop in the bucket Friday, 23 Jan 2015 | 2:35 PM ET
    A Halliburton worker walks through an Anadarko Petroleum Corporation hydraulic fracturing site north of Dacono, Colo., Aug. 12, 2014.

    Lower crude prices are forcing layoffs in the oil patch, but the numbers are small compared to overall job growth.

  • 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...

  • Cramer Remix: Netflix after the big news Tuesday, 20 Jan 2015 | 7:05 PM ET
    Jim Cramer on Mad Money.

    Netflix shocked Wall Street, and “Mad Money” host Jim Cramer has got his review.