Nabors Industries Ltd


  • Investors were looking ahead to the start of a two-day round of Congressional testimony by Federal Reserve Chair Janet Yellen. "The markets are in a holding pattern," said Erik Davidson, chief investment officer of Wells Fargo Private Bank. "We'll have some very interesting information coming up from Janet Yellen tomorrow and Wednesday, so the markets are...

  • Feb 9- Oilfield services provider C&J Energy Services Inc cut the cash portion of its offer to buy Nabors Industries Ltd's well maintenance business by $250 million after oil prices halved since the deal was announced in June. With the cash component of the offer reduced to $688 million, the deal is now valued at about $1.45 billion based on C&J Energy's Friday...

  • WASHINGTON, Feb 9- Some critics blame the 35- percent U.S. statutory corporate income tax rate for a recent wave of foreign reincorporations by U.S. companies, but a Reuters analysis shows many other factors were involved. The medical device maker's buyout of Covidien Plc, of Ireland, is nearing completion. The new company will be managed from Minneapolis, but...

  • BOSTON, Feb 8- These are nervous times at the top of North America's oil companies. "2014 is going to look like a pretty good year for most," said Mike Halloran, senior partner and executive compensation specialist at the Dallas office of consulting firm Mercer. In dollar terms, energy company CEOs made an average of $7.3 million in 2013 compared with an average of $5.3...

  • NEW YORK, Dec 29- U.S. stocks edged higher in a thinly-traded session on Monday as the market's recent upward bias continued and put the Dow on track for an eighth straight daily advance. The Dow's seven-session streak is its longest since March 2013. I don't see anything... that could derail or upset the market, "said Mark Martiak, senior wealth strategist at Premier...

  • NEW YORK, Dec 18- Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader S&P 500, but the relationship between the two is actually starting to break down. "The proof is that oil turned down and the market said,' Oh, that was yesterday's news, today we're moving ahead,"' said Quincy Krosby, market strategist at...

  • Analysts say companies with considerable debt such as Nabors Industries Ltd and small private firms with less efficient rigs will scramble to keep them in operation. Rig rates of $25,000- $30,000 per day in the quarter ended Sept. 30, are expected to fall 20-25 percent or more next year and talks over lower rates are already underway, analysts said.

  • *Indexes: Dow down 0.7 pct, S&P down 0.9 pct, Nasdaq down 1.2 pct. NEW YORK, Dec 16- U.S. stocks fell for a third day in a volatile session Tuesday, led by declines in consumer discretionary and technology shares, while another drop in the Russian rouble added to worries about the global economy. People buy stocks that have done well so you get this bump up, "said Daniel Morgan,...

  • Midday movers: Chevron, Crocs, JetBlue & more Tuesday, 16 Dec 2014 | 2:25 PM ET

    Some of Tuesday's midday movers:

  • *Buyback, dividend hike, guidance lift Boeing, 3 M, CVS. NEW YORK, Dec 16- The Dow and S&P 500 were holding onto small gains in volatile trading Tuesday afternoon, helped by a rebound in energy shares and investor bets the Federal Reserve will be cautious in removing support in the face of a more fragile global economy. U.S. crude, which fell as much as 4.1 percent, was last...

  • Midday Movers: Exxon Mobil, Morgan Stanley & more Friday, 12 Dec 2014 | 1:02 PM ET

    Some of Friday's midday movers:

  • Stocks close down 1.5% on oil decline; Energy drops 3% Wednesday, 10 Dec 2014 | 4:00 PM ET
    Trader on the floor of the New York Stock Exchange.

    Stocks declined on Wednesday, furthering the week's losses, as crude fell as OPEC cut its demand outlook for 2015.

  • Gas dips below $2 a gallon in Oklahoma City Wednesday, 3 Dec 2014 | 5:20 PM ET

    The OnCue Express in Oklahoma City dropped its gas price by 12 cents to $1.99 per gallon, making it the cheapest station in the country.

  • Wednesday's midday movers: Apple, Kraft & more Wednesday, 3 Dec 2014 | 12:26 PM ET
    Traders on the floor of the New York Stock Exchange, December 1, 2014.

    Take a look at some of Wednesday's midday movers:

  • US STOCKS-Wall St ticks up, energy stocks rally again Wednesday, 3 Dec 2014 | 11:10 AM ET

    NEW YORK, Dec 3- U.S. stocks rose slightly on Wednesday, led by commodity-related shares, as data continued to show a strengthening U.S. economy and ahead of a meeting of the European Central Bank. The largest percentage gainer on the S&P 500 was land drilling contractor and oil services company Nabors Industries, which rose 6.1 percent to $13.66.

  • New US oil and gas well permits tumble nearly 40% Wednesday, 3 Dec 2014 | 8:00 AM ET
    A crewman watches over water tanks used for hydraulic fracturing at an Anadarko Petroleum Corporation site near Brighton, Colo.

    Plunging oil prices sparked a drop of almost 40 percent in new well permits issued across the U.S. in November.

  • ... And these stocks are losing on lower oil Friday, 28 Nov 2014 | 1:30 PM ET
    A Halliburton worker walks through a hydraulic fracturing (fracking) site north of Dacono, Colorado, U.S.

    Oil producer and driller stocks are falling after oil's dip, but other energy companies are also seeing their stocks drop.

  • FACTBOX-Recent tax inversion proposals Tuesday, 25 Nov 2014 | 1:19 PM ET

    Medical technology company Medtronic Inc said on Nov. 18 that its plan to acquire and adopt the tax domicile of Ireland's Covidien Plc was on track to close in 2015.. High-tech manufacturer Applied Materials Inc plans to buy Japanese rival Tokyo Electron Ltd and reincorporate in the Netherlands. Burger King Worldwide Inc plans to acquire Canadian coffee and...

  • Midday Movers: Dillard's, GoPro, Apple & more Thursday, 20 Nov 2014 | 12:29 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Take a look at some of Thursday's midday movers:

  • BOSTON, Nov 14- Some of the hedge fund industry's most respected firms made bigger bets on a wide swatch of energy companies during the third quarter only to watch the stocks get pummeled by falling crude oil prices. Robert Citrone's Discovery Capital Management raised its holding in Texas oil driller Diamondback Energy by 20 percent to own 1.4 million shares...