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Feb 25- Oilfield services provider Weatherford International Ltd said it would divest five businesses, exit another as it struggles with weak demand in North America, and has identified 6,192 positions for job cuts as part of a previously announced plan.
Feb 25- Oilfield services provider Weatherford International Ltd said it would divest five businesses, exit another and lay off 6192 employees as it struggles with weak demand in North America. The company, which is being probed for violations of the United Nations oil-for-food program in Iraq, on Tuesday also reported a wider quarterly net loss.
Jan 30- Oilfield services company Weatherford International Ltd said it would cut 7,000 jobs and warned that its fourth-quarter profit would miss its forecast, hurt by severe winter in North America and operational disruptions in the Middle East.
Jan 17- Schlumberger Ltd, the world's largest oilfield services company, reported a better-than-expected 22 percent jump in fourth-quarter profit as robust international drilling activity made up for weakness in North America. Most of Schlumberger's gains in North America came from the U.S.
WASHINGTON, Nov 26- Oilfield services firm Weatherford International will pay $253 million in fines to the U.S. government to settle charges that ranged from flouting sanctions against Iran and Syria to sending business partners on World Cup soccer junkets, officials said on Tuesday.
Weatherford was charged with exporting oil and gas equipment to Iran, Syria, Sudan and Cuba in violation of sanctions, and exporting prohibited items tied to nuclear non-proliferation to Venezuela and Mexico.
Nov 26- Oil services company Weatherford International Ltd said it would pay $253 million to settle longstanding charges brought by U.S. regulators. The charges against the company include work in sanctioned countries, Foreign Corrupt Practices Act breaches and violations in the Iraq oil-for-food program.
Check out which companies are making headlines after the bell Monday:
Cramer has never been one to mince words, but we can’t remember him every being quite this Frank.
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Some of the names on the move ahead of the open.
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Check out which companies are making headlines after the bell Thursday:
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Take a look at some of Monday's midday movers:
Check out which companies are making headlines after the bell Tuesday:
You probably wouldn’t think of playing the US energy boom with this stock. But Jim Cramer says you should.
When looking to invest in oil-sector stocks amid increasing consolidation, “Mad Money” host Jim Cramer said one best-of-breed name is still the best bet.
The energy bulls are now turning to Weatherford, which has lagged the sector recently.
The natural gas industry may be hurting from rock-bottom prices now but if allowed to fully exploit the shale-gas boom, there may be few losers and many winners in the years to come.