U.S. oil services firm Halliburton is looking for major investors to take a stake in the company as it eyes around $80 billion in projects worldwide over the next five years.
Stocks wrapped up another record week as potential merger deals pushed the major markets higher. "The market responded very well this week to the raft of mergers and acquisitions announcements and private equity deals," said Quincy Krosby, chief investment strategist at The Hartford.
It's going to be hard to beat a week this good. Luckily, earnings season rolls on next week with some heavy hitters reporting. Cramer's got you covered with companies he thinks are goings to win big on their numbers.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Halliburton, the second-largest U.S. oilfield services company, said on Tuesday its offer to exchange its shares for KBR stock was oversubscribed, with about 211 million shares tendered.
Dubai is again the flashpoint of a patriotism-versus-globalism debate. This time, it's not about a foreign firm encroaching on U.S. shores, but an American company shifting its headquarters to the emirate. And when the firm is oilfield-services provider Halliburton, everyone has an opinion.
Halliburton reported higher fourth-quarter profit before special items on Friday, just above analysts' estimates, as high energy prices stoked global demand for its oilfield services.