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Schlumberger Ltd, the world's largest oilfield services company warned on Friday that the credit crisis and softening global economy would dampen energy spending into next year. The weaker market conditions come on the heels of a quarter when crude...
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Halliburton Co. and its joint venture company, WellDynamics Inc., have secured about $900 million in contracts from Norwegian oil company StatoilHydro for work in the North Sea. Houston-based Halliburton (NYSE: HAL) and Spring-based WellDynamics will...
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NEW YORK - Wall Street advanced Monday following reports of potential corporate deals — including news that Washington Mutual Inc. might get a $5 billion investment from private equity firms. Washington Mutual, the nation's largest thrift, is in...
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NEW YORK (Reuters) - Martin Feldstein, who leads the group that is considered the arbiter of U.S. recessions, said on Monday that he personally believes the economy has been sliding into a recession since December or January. "I think that...
Unbelievable! Bear stearns! How big is the Sub Prime melt down can be? Look Bear Stearns is a well known ompany in US that unable to withstand the melt down may subjected to buyover by other that are rich enough to pay off their bad debt. If the Sub...
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