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Schlumberger NV

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  • NEW YORK, Jan 16- U.S. stocks rallied on Friday after five sessions of losses, helped by a sharp rebound in energy shares and data that signaled the U.S. economy was on track for solid growth. U.S. crude oil futures settled up 5.3 percent after the International Energy Agency forecast the market downtrend would end. "You had a pretty strong consumer confidence report...

  • In a stark sign of how a sudden, 60 percent drop in oil prices is biting, oil services giant Schlumberger Ltd on Thursday said it will reduce spending this year by 25 percent and fire 9,000 workers worldwide, surprising investors with the size of the cuts. "There is total chaos and uncertainty and it is impacting the whole ecosystem," said Aamer Sarfraz, chief...

  • US crude settles up 5%, snaps 7-week losing streak Friday, 16 Jan 2015 | 2:33 PM ET

    Brent spiked above $50 on Wednesday, before paring gains on a strengthening dollar and global economic woes.

  • *Jefferies talks rescue deal with FXCM- source. NEW YORK, Jan 16- U.S. stocks bounced back after five sessions of losses on Friday along with a sharp rebound in energy shares, following data signaling the U.S. economy was on track for solid growth. Investors attempted to interpret the impact of the move by the Swiss National Bank on Thursday to lift the cap on the Swiss...

  • Midday movers: BP, Chevron, Qualcomm & more Friday, 16 Jan 2015 | 1:38 PM ET

    Some of Friday's midday movers:

  • Jan 16- Schlumberger Ltd, the world's No.1 oilfield services provider, said the oil price drop was likely to have a "significantly more dramatic" impact on North America than on the rest of the world. Shares of Schlumberger, which derives two-thirds of its revenue from operations outside North America, rose as much as 5 percent to $80.79 on Friday.

  • Jan 16- Schlumberger Ltd, the world's No.1 oilfield services provider, said the drop in oil prices was likely to have a bigger impact on activity and pricing in North America than in international markets, which is its stronghold. Shares of Schlumberger, which gets only a third of its revenue from North America, were up more than 3.5 percent at $79.40 in morning...

  • *Intel shares drop after forecast disappoints. NEW YORK, Jan 16- U.S. stocks were set for a slightly lower open on Friday, following five straight days of losses for major indexes, as markets continue to absorb the shock of Switzerland's move to ditch its currency cap. "Most central banks have been really clear about how to telegraph their messages, particularly here...

  • *Intel shares down after guidance disappoints. NEW YORK, Jan 16- U.S. stock index futures fell on Friday, following five straight days of losses for major indexes, as markets continue to absorb the shock of Switzerland's move to ditch its currency cap. *Shares of FXCM Inc, one of the biggest platforms catering to online and retail traders of currencies, tumbled 70...

  • *Intel shares down after guidance disappoints. NEW YORK, Jan 16- U.S. stock index futures edged lower on Friday, following five straight days of losses for major indexes, setting Wall Street up for its fourth negative week out of the past six. *Intel shares fell 2.3 percent in light premarket trading a day after the chipmaker gave a disappointing forecast for revenue...

  • SINGAPORE, Jan 16- U.S. crude futures hovered above $46 a barrel on Friday after sliding almost 5 percent in the session before amid a shaky demand outlook, putting oil prices on course for an eighth straight week of losses. *U.S. crude for February delivery was little changed at $46.34 a barrel by 0005 GMT. *Brent oil for February, which expired on Thursday, lost $1.02 in...

  • Jan 15- Schlumberger Ltd, the world's No.1 oilfield services provider, said it will cut 9,000 jobs, or about 7 percent of its workforce, as it focuses on controlling costs amid plummeting oil prices. Schlumberger had said last month that it would take a $1 billion charge related to jobs cuts and the writedown of some seismic vessels. Schlumberger's customers- oil...

  • Schlumberger to cut 9,000 jobs on oil-price plunge Thursday, 15 Jan 2015 | 5:39 PM ET

    Schlumberger Ltd, the world's No.1 oilfield services provider, said it will cut 9,000 jobs, or about 7 percent of its workforce.

  • After-hours buzz: Intel, Regal, Depomed & more Thursday, 15 Jan 2015 | 5:29 PM ET

    Check out which companies are making headlines after the bell Thursday: Intel, Regal Entertainment, Schlumberger & more.

  • Schlumberger revenue rises 6 pct Thursday, 15 Jan 2015 | 4:31 PM ET

    Jan 15- Schlumberger Ltd, the world's No.1 oilfield services provider, reported a 6 percent rise in quarterly revenue, helped by efficiency improvements in North America and resilient drilling activity in the Middle East and Asia. Net income attributable to the Houston, Texas- based company fell to $302 million, or 23 cents per share, in the fourth quarter ended...

  • US stock-index futures turn up with price of crude Thursday, 15 Jan 2015 | 9:00 AM ET
    Trader on the floor of the New York Stock Exchange.

    U.S. stock index futures signaled a softer open on Thursday after the Swiss National Bank shocked global markets by abandoning its peg to the euro.

  • Cramer: Why low Treasury rates are good for you Wednesday, 14 Jan 2015 | 6:11 PM ET

    Don't throw the baby out with the bathwater! Jim Cramer shares why low Treasury interest rates are good for your pocket.

  • Traders bet against oil stocks ahead of earnings Wednesday, 14 Jan 2015 | 4:49 PM ET
    Pumpjacks operated by XX pump petroleum from the ground on September 23, 2014 near Ruehlermoor, Germany.

    This could be a tough earnings season for energy stocks. And options traders are looking to take advantage.

  • Oil, dollar to determine earnings winners, losers Wednesday, 14 Jan 2015 | 10:53 AM ET
    A CSX employee walks on a locomotive while on a siding at Worthville, Ky., Oct. 11, 2013.

    The plunge in oil and the strong dollar are the lead factors in determining stocks to buy or short as the fourth quarter earnings reports come out.

  • Where to find opportunity in energy slump: Pros Tuesday, 13 Jan 2015 | 4:01 PM ET
    A tanker truck passes the Valero Energy Bill Greehey refinery in Corpus Christi, Texas, Oct. 4, 2012.

    With oil continuing to hit new lows, there are some good opportunities to make money in the energy sector, several pros told CNBC Tuesday.