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Transocean Ltd

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  • March 27- Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators. Drillship operators face a more brutal hit to margins than they did after the oil-price crash of 2008 because of the huge cost of maintaining the more than $10...

  • March 27- Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators. Drillship operators face a more brutal hit to margins than they did after the oil-price crash of 2008 because of the huge cost of maintaining the more than $10...

  • Freeport-McMoRan and Guess are big market movers Thursday, 19 Mar 2015 | 4:43 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Freeport-McMoRan Inc., down 97 cents to $17.26. Transocean Ltd., down $1.09 to $14.16.

  • Asian markets mostly lower after Wall Street slide Thursday, 19 Mar 2015 | 6:09 AM ET

    Chevron, Exxon Mobil and other energy companies led stocks down. Benchmark U.S. oil sank 70 cents to close at $43.96 a barrel in New York, extending a slump that has slashed prices by more than half over the past year. said Jeff Carbone, a senior partner at Cornerstone Financial Partners in Charlotte, North Carolina. "

  • The ‘bottoms-up’ stock picker is dead Wednesday, 18 Mar 2015 | 10:51 AM ET
    Stock picking selecting

    Hug your economist. You're going to need him.

  • Will plunging oil force energy dividend cuts? Monday, 16 Mar 2015 | 6:38 PM ET
    oil crude gas

    Several big oil companies are expected to pay more in dividends than they will earn in 2015. Can the stocks really maintain these fat yields?

  • Lightning Round: A mistake to turn on this sector Monday, 9 Mar 2015 | 7:56 PM ET
    Mad Money Lightning Round

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • *Takes asset impairment charge of $438.4 mln. Feb 27- Rowan Cos Plc said state-owned oil company Saudi Aramco was likely to continue employing about a third of the company's 28 contracted rigs, sending the offshore driller's shares up as much as 5.5 percent on Friday. Rival Hercules Offshore Inc said on Thursday that Saudi Aramco had terminated a drilling...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT / 11:00 a.m. ET Friday, 27 Feb 2015 | 11:37 AM ET

    WASHINGTON- U.S. economic growth brakes more sharply than initially thought in the fourth quarter as businesses slow their pace of stock accumulation and the trade deficit widens, but the underlying fundamentals remain solid. CHICAGO- Moody's Investors Service cuts Chicago's already-weak credit rating one notch to Baa2, citing the city's growing costs...

  • Feb 27- Contract driller Rowan Cos Plc wrote down the value of 12 of its oldest jack-up rigs by $438.4 million, joining rivals such as Transocean Ltd in recording big asset impairment charges. Rowan swung to a quarterly loss on the impairment charge, although the company's revenue rose 41 percent to $556.2 million due to two ultra-deepwater rigs coming into...

  • *Salesforce.com climbs after results, outlook. Avago Technologies jumped 13.2 percent to $129.47 as the best performer on both the S&P 500 and Nasdaq 100 index after the company reached a deal to acquire Emulex for $8 per share. Emulex shares surged 25.4 percent to $7.97.

  • Feb 26- Offshore driller Ensco Plc said it would shut down an ultra-deepwater rig as demand dwindles due to a slump in crude prices, a day after it slashed its quarterly dividend by 80 percent. Ensco reported a fourth-quarter loss on Wednesday, compared with year-ago profit, hurt mainly by a $3 billion goodwill impairment charge. Ensco cut its quarterly dividend...

  • All analysts want you to do is buy; here's proof Thursday, 26 Feb 2015 | 1:30 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Most analysts on the Street have rarely met an S&P 500 stock they didn't like, or at least weren't willing to hang out with for a while.

  • *Salesforce.com climbs after results, outlook. Avago Technologies jumped 13 percent to $127.39 as the best performer on both the S&P 500 and Nasdaq 100 index after the company reached a deal to acquire Emulex for $8 per share. Emulex shares surged 25.8 percent to $8.

  • OSLO, Feb 26- Offshore drilling rig operators are facing a cash crunch as oil firms hold back work and the shakeout will put vessels and possibly some operators out of business, Claus Hemmingsen, chief executive of Maersk Drilling, said. Day rates for the most advanced, deepwater rigs that peaked at over $650,000 per day less than two years ago are now below $400,000.

  • *Salesforce.com climbs after results, outlook. NEW YORK, Feb 26- U.S. stocks held near the unchanged mark on Thursday in the wake of a mixed bag of economic data, with the Dow and S&P 500 holding just off record highs while the Nasdaq advanced modestly. The market is "just digesting what we have already received and waiting for what is coming next week to find a better...

  • US STOCKS-Futures flat ahead of data flurry Thursday, 26 Feb 2015 | 7:52 AM ET

    *Salesforce.com climbs after results, outlook. NEW YORK, Feb 26- U.S. stock index futures were little changed on Thursday ahead of a flurry of economic data, after the Dow edged up to a new record a day earlier while the Nasdaq snapped a 10- session winning streak. Federal Reserve Chair Janet Yellen to a House of Representatives committee that yielded little insight...

  • Feb 26- Offshore rig provider Transocean Ltd wrote down the value of its contract drilling business by $992 million in the fourth quarter as demand slumped due to a steep fall in oil prices. Transocean reported net loss of $739 million, or $2.04 per share, attributable to controlling interest for the fourth quarter ended Dec. 31 compared with a profit of $233...

  • HOUSTON, Feb 20- Barely two months into his new job as the head of the world's largest offshore driller, Steven Newman was steering Transocean through the 2010 Gulf of Mexico oil spill, quickly earning a reputation as a CEO with a steady hand. A Transocean official declined to comment. According to a Transocean presentation, its fleet is about 25 percent larger than...

  • Soros makes big bets on Devon Energy, Transocean   Wednesday, 18 Feb 2015 | 9:10 AM ET
    Soros makes big bets on Devon Energy, Transocean

    George Soros' hedge fund took new positions in Devon Energy and Transocean according to regulatory filings on Tuesday.