The "Fast Money" traders share their final trades of the day.» Read More
Goldman Sachs analysts now expect U.S. oil prices to be roughly $75 a barrel in 2015, down from their previous forecast of $90 a barrel. Goldman Sachs is the latest Wall Street bank to lower its forecast for crude prices, saying that OPEC was unlikely to reduce exports in an effort to lift prices and that U.S. production continues to expand. Halliburton, Nabors...
Oct 15- Another proposed U.S. corporate tax "inversion" deal collapsed on Friday when Irish food group Fyffes Plc and larger U.S. rival Chiquita Brands International Inc called off an agreement to combine. It was the fourth such deal to unravel since the Treasury Department on Sept. 22 cracked down on inversions, deals in which a U.S. company acquires or sets up a...
Oct 23- Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a 4.5 percent rise in third-quarter revenue, helped by higher demand and improved rates for its ultra-deepwater rigs. Diamond Offshore said Petrobras has extended contracts on three ultra-deepwater rigs, which are expected to generate revenue of up to $1.4...
Oct 22- Contract driller Nabors Industries Ltd reported a 17 percent rise in revenue, its highest increase in nine quarters, as it benefited from strong spending in U.S. shale fields. "We are acutely aware of the potential for further weakness in crude oil prices and the associated impact on our customers' spending plans, particularly in North and Latin America,"...
HAMILTON HM08, Bermuda _ Nabors Industries Ltd. on Tuesday reported third-quarter profit of $61 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share. Analysts expected $1.75 billion, according to Zacks.
Oct 22- Contract driller Nabors Industries Ltd reported a 17 percent jump in revenue, its highest increase in nine quarters, as it benefited from strong spending in U.S. shale fields. Nabors, which operates the world's largest land-drilling rig fleet, said total revenue rose to $1.81 billion in the third quarter ended Sept. 30 from $1.55 billion a year earlier.
But offshore drillers such as Transocean Ltd are expected to post lackluster quarterly sales as new rigs ordered in boomtime hit the seas, creating overcapacity in an already crowded market. Revenue at Transocean, the second-biggest global offshore driller by market value, is expected to fall 15 percent- its steepest in three years- according to Thomson...
Oct 15- Major U.S. drugmaker AbbVie Inc said on Wednesday it was reconsidering a $55 billion bid for Ireland's Shire Plc, marking a setback for "inversion" deals in which U.S. companies reincorporate abroad to cut tax costs. Steris Corp said on Monday it has offered to buy Britain's Synergy Health Plc for about $1.9 billion in a deal that would shift Steris' tax...
Shares of Nabors Industries dipped 2.4 percent and shares of Chesapeake Energy fell 2.1 percent. "If you look at the price action it the energy/commodity space, the market seems to be tracking that pretty closely," said Art Hogan, chief market strategist at Wunderlich Securities in New York.
NEW YORK, Sept 11- Nabors Industries was the biggest percentage decliner on the S&P 500 Thursday after Pamplona Capital Management LLP said its private equity fund had sold a stake of about 8.5 percent in the oilfield services provider. Pamplona Capital is Nabors' largest shareholder, according to Thomson Reuters data.
But away from the bad-tempered litigation in U.S. courts, which has dominated the news about Argentina for months, the country is experiencing an oil drilling boom as international companies seek to cash on its huge shale resources.
Take a look at some of Tuesday's midday movers:
Some of Thursday's midday movers:
Xunlei Limited, one of China's largest internet companies, priced its IPO last night—one day early (it was expected to price tonight).
Check out which companies are making headlines after the bell Monday: Micron Technology, Sonic & more
CHICAGO, June 23- Despite the incendiary conflict in Iraq that last week sent the benchmark price of Brent crude oil to more than $115 a barrel, a nine-month high, U.S. stock markets largely shrugged off the oil threat, hitting record closing highs last week.
The median pay package for a CEO rose above eight figures for the first time last year.
Here are the 10 highest-paid CEOs of 2013, as calculated by The Associated Press and Equilar, an executive pay research firm.
Some wonder whether Wall Street and Big Oil are to blame for the high price of gasoline. The answer is yes...and no.
As the summer driving season looms, U.S. retail gas remains stubbornly lodged near $4 per gallon.