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  • US business capital spending gauge rebounds solidly Monday, 27 Jul 2015 | 8:36 AM ET
    An oil rigger at a Schlumberger field prepares pipes in Midland, Texas.

    A gauge of U.S. business investment plans rebounded in June, suggesting the drag on manufacturing from capital spending cuts was starting to ebb.

  • Schlumberger Ltd, the world's No. 1 oilfield services provider said last week it believed the North American rig count may be bottoming and that a slow rise in both land drilling and completion activity could occur in the second half of the year. Schlumberger and rival Halliburton have slashed their capital expenditure budgets for this year.

  • July 24- Oilfield giants Schlumberger Ltd and Halliburton Co and many others in the oil and gas industry have announced plans to lay off thousands of people in the past few months as global oil prices have fallen more than 40 percent since June last year. Houston- based Schlumberger also said in April that it plans to cut another 11,000 jobs, bringing the total job...

  • *Baker Hughes shares up 3 pct, Halliburton up 4 pct. Rising stage intensity- the practice of fracking more stages per well to increase production- also helped Baker Hughes stem revenue losses, said Societe Generale analyst Edward Muztafago. Baker Hughes's second-quarter revenue from North America, which accounts for over a third of total revenue, decline 25...

  • July 21- Oilfield services provider Baker Hughes Inc, which is being acquired by larger rival Halliburton Inc, said it expects unfavorable market conditions to persist for the rest of the year. "In North America, we don't anticipate activity to increase while commodity prices remain depressed," Baker Hughes Chief Executive Martin Craighead said in a statement...

  • US oil ends at $50.15 a barrel; lowest since April Monday, 20 Jul 2015 | 2:31 PM ET
    A customer fills his tank at a gas station in Wheeler Ridge, California.

    Oil prices slipped on Monday, despite data showing a sharp drop in Saudi Arabia's crude oil exports.

  • *Halliburton, Baker shares up amid decline in oil stocks. July 20- Halliburton Co said it had tapped BlackRock Inc for $500 million to help fund drilling in existing shale wells, the first such move by a major oilfield services provider at a time when oil producers are shying away from drilling new wells. "Though a relatively small market today, we see significant...

  • Both international and U.S. crude futures posted their third consecutive weekly losses last week on expectations of increased exports from Iran following a deal to ease sanctions against the OPEC producer. Brent September crude was 12 cents lower at $56.98 a barrel by 0316 GMT. Should WTI get back to a level seen last month around $60 a barrel, "U.S. producers will...

  • U.S. crude was down 5 cents at $50.84 by 0056 GMT, after falling more than 3 percent last week and more than 14 percent in July. Schlumberger NV said it is betting on an uptick in demand in coming quarters for oilfield services in North America, a market that has been battered by a steep drop in oil prices. Money managers cut their net long U.S. crude futures and options...

  • Swift cost cuts have helped Schlumberger offset revenue declines caused by a 50 percent fall in global crude prices since June 2014. Schlumberger said it expects a "slow increase" in land drilling and completion activity in North America in the second half of the year, but it does not expect pricing to pick up any time soon. Schlumberger said on Friday it did not...

  • Two veiled women look at smart phone brands in Paytakht computer mall in Tehran, Iran.

    European and Asian business could pour into Iran if sanctions are lifted, but U.S. law would keep most Americans on the sidelines.

  • July 17- Schlumberger Ltd, the world's No. 1 oilfield services provider, expects little improvement in pricing levels in the near future as customers continue to keep a tight lid on budgets, it said on a conference call on Friday. Schlumberger, which provides drilling technology and equipment to oil and gas companies, expects exploration and production...

  • July 17- Schlumberger Ltd, the world's No. 1 oilfield services provider, expects little improvement in pricing levels in the near future as customers continue to keep a tight lid on budgets, it said on a conference call on Friday. Schlumberger, which provides drilling technology and equipment to oil and gas companies, expects exploration and production...

  • July 17- Schlumberger NV, the world's No.1 oilfield services provider, said it would look at returning to Iran once the sanctions are lifted. Schlumberger agreed in March to pay a $237.2 million fine after pleading guilty to violating U.S. sanctions on Iran and Sudan. The company ceased operations in Iran in the second quarter of 2013, four years after deciding to...

  • July 17- Schlumberger NV, the world's No.1 oilfield services provider, said it will look at operating in Iran once the sanctions are lifted. "When the sanctions are lifted and when it is permissible, we will evaluate going back in," Chief Executive Paal Kibsgaard said on a post-earnings call. Iran's agreement with major world powers to curtail its nuclear program in...

  • Early movers: GE, STI, HON, GOOGL, MAT & more Friday, 17 Jul 2015 | 8:01 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • After-hours buzz: Google, Hertz, AMD & more Thursday, 16 Jul 2015 | 5:26 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Check out the companies making headlines after the bell Thursday: Google, Hertz, AMD & more.

  • July 16- Schlumberger Ltd, the world's No.1 oilfield services provider, reported a bigger-than-expected quarterly profit as its cost-cutting efforts helped soften the impact of reduced global drilling activity. Shares of Schlumberger, which provides drilling technology and equipment to oil and gas companies, rose 1.3 percent to $85 in extended trading.

  • July 16- Schlumberger Ltd, the world's No. 1 oilfield services provider, reported a 29.5 percent drop in quarterly profit, mainly due to restructuring charges. The company's net income fell to $1.12 billion, or 88 cents per share, in the second quarter ended June 30, from $1.6 billion, or $1.21 per share, a year earlier. Total revenue fell 25 percent to $9.01 billion.

  • It's the central bankers vs earnings Wednesday, 15 Jul 2015 | 6:44 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Central bankers compete with earnings headlines Thursday, and the earnings may actually be packing more surprises.