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Schlumberger NV

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  • *Average hourly earnings rise three cents. WASHINGTON, May 8- U.S. job growth rebounded last month and the unemployment rate dropped to a near seven-year low of 5.4 percent, signs of a pick-up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year. "We see this report as reducing concerns that weak first-quarter growth...

  • *Average hourly earnings rise three cents. WASHINGTON, May 8- U.S. job growth rebounded last month and the unemployment rate dropped to a near seven-year low of 5.4 percent, signs of a pick-up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year. Nonfarm payrolls increased 223,000 as gains in services sector jobs...

  • WASHINGTON, May 8- U.S. job growth likely rebounded last month and the unemployment rate probably dropped to a near seven-year low, signs of a pick up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year. The Labor Department will release its closely followed employment report at 8:30 a.m. on Friday.

  • Worst of energy layoffs are likely over...for now Thursday, 7 May 2015 | 12:57 PM ET
    A floor hand works on an oil rig in the Bakken shale formation outside Watford City, N.D.

    After another month of soaring layoffs in the oil patch, recruiters says employers are taking a pause as crude prices recover.

  • WASHINGTON, May 7- The number of Americans filing new claims for unemployment benefits held near a 15- year low last week in a sign that the labor market was strengthening despite moderate economic growth. Initial claims for state unemployment benefits rose 3,000 to a seasonally adjusted 265,000 for the week ended May 2, the Labor Department said on Thursday.

  • WRAPUP 1-U.S. jobless claims hold near 15-year low Thursday, 7 May 2015 | 9:07 AM ET

    WASHINGTON, May 7- The number of Americans filing new claims for unemployment benefits rose marginally last week, staying near a 15- year low in a sign that the labor market continues to strengthen despite moderate economic growth. Initial claims for state unemployment benefits rose 3,000 to a seasonally adjusted 265,000 for the week ended May 2, the Labor...

  • Layoffs hit 3-year high in April, energy cuts surge Thursday, 7 May 2015 | 7:30 AM ET
    Job seekers wait for the opening of a job fair sponsored by Job News in partnership with USOilWorker.com and The Texas Veterans Commission in San Antonio, TX.

    U.S.-based employers announced the highest workforce reductions last month since May 2012.

  • 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...

  • Dividends to set record—10 ways to play Friday, 1 May 2015 | 8:34 AM ET

    A group of companies in the S&P 500 has boosted dividend payments at an unusual rate.

  • MOSCOW, April 30- Russia's Eurasia Drilling said on Thursday it had agreed to extend a deadline on a proposed deal to sell a stake to international oilfield services firm Schlumberger from to April 30 to May 31. Last month, Schlumberger said it planned to buy a 45.65 percent stake in Eurasia for about $1.7 billion, potentially paving the way for it to become the sole...

  • MOSCOW, April 30- Russia's Eurasia Drilling said on Thursday it had agreed to extend a deadline on a proposed deal to sell a stake to international oilfield services firm Schlumberger from to April 30 to May 31.

  • 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...

  • US economy stalls as weather, low energy prices bite Wednesday, 29 Apr 2015 | 8:30 AM ET
    A worker welds an aluminum case at the Aluminum Case Company in Chicago.

    U.S. economic growth braked more sharply than expected in the first quarter, but there are signs activity is picking up.

  • 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...

  • Why US economy likely grew at snail's pace in 1Q Wednesday, 29 Apr 2015 | 7:24 AM ET
    A Chrysler Ram 1500 truck goes through the assembly line at the Warren Truck Assembly Plant in Warren, Michigan.

    U.S. economic growth likely braked sharply in the first quarter amid harsh weather, but there are signs activity is picking up.

  • 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...