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Schlumberger NV

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  • 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...

  • US business investment falls for 7th straight month Friday, 24 Apr 2015 | 12:03 PM ET
    Household appliances for sale at a Home Depot in Chicago.

    U.S. business investment spending plans fell for a seventh straight month, suggesting the economy could struggle to rebound from a soft patch.

  • WASHINGTON, April 24- U.S. business investment spending plans fell for a seventh straight month in March, likely weighed down by a strong dollar and lower energy prices, suggesting the economy could struggle to strongly rebound from the first quarter's soft patch. The dour report from the Commerce Department on Friday came on the heels of lukewarm data on retail...

  • WASHINGTON, April 24- U.S. business investment spending plans fell for a seventh straight month in March, likely weighed down by a strong dollar and lower energy prices, suggesting the economy could struggle to rebound from a soft patch hit at the start of the year. The Commerce Department said on Friday non-defense capital goods orders excluding aircraft, a...

  • April 21- Baker Hughes Inc, which is being bought by Halliburton Co for $35 billion, said it expects "unfavorable market conditions" to persist in the second quarter as drillers turn off more rigs, intensifying a glut in oilfield services. The rig count in North America, a region that accounts for 44 percent of Baker Hughes' revenue, has halved to 1,000 so far this year.

  • April 20- Halliburton Co's decision to cut fewer jobs and keep its logistics network intact to capitalize on its pending merger with Baker Hughes Inc could give Schlumberger NV an edge at a time when cost cuts look like the best way forward. "I think in the very near term, Schlumberger is going to make more money than Halliburton because it's not carrying the extra...

  • WTI ends up 1.2% on US crude stock report Monday, 20 Apr 2015 | 2:39 PM ET
    Rusted out 'pump-jacks' in the oil town of Luling, Texas.

    Data showing a partial draw in U.S. crude stockpiles helped steady a market weighed earlier by near record highs in Saudi oil production.

  • April 20- Halliburton Co's quarterly profit beat analyst expectations by the biggest margin in at least eight quarters as cost cuts helped the oilfield services provider offset a steep fall in drilling in North America, its biggest market. Revenue fell by 4 percent to $7.05 billion in the first quarter, but beat analysts' average expectation of $6.96 billion,...

  • ITABORAÍ, Brazil, April 20- For the 20 men hanging on at the Pousada do Trabalhador, a 600- bed boarding house on the dusty outskirts of this boom town northeast of Rio de Janeiro, the dream that Brazil's oil wealth would bring a better life was over. The men are the latest victims of Brazil's biggest-ever corruption scandal, a multi-billion dollar graft scheme...

  • Earnings next test for stocks after market wipeout Monday, 20 Apr 2015 | 5:52 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Stocks could chop around and rack up more losses in the week ahead, with the next wave of corporate earnings reports.

  • The assumption is that oil firms will finish work on those wells, known as "ducks" in the industry jargon, once oil prices recover further and North Dakota activates its tax relief in response to a long market slump. "You know you have an 800- pound gorilla that is potentially going to come after you if the price goes up," Jackson Hockley, an analyst at wealth manager...

  • *China cuts bank reserves, adds liquidity. Crude oil was also buoyed by China cutting bank cash reserves, the second industry-wide cut in two months, adding more liquidity to bolster slowing growth. Brent crude was up 80 cents at $64.25 a barrel by 0628 GMT.