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Stock Market & Financial Investment News

News Breaks
August 4, 2014
18:10 EDTL, PBR, DOPetrobras tells Diamond Offshore challenging Brazil tax in 2008,2009, DJ says
Petroleo Brasileiro (PBR) notified Diamond Offshore Drilling (DO) it is challenging Brazil taxes related to drilling rigs in 2008, 2009, Dow Jones says. If Petrobras is assessed withholding taxes, it will seek reimbursement from Diamond Offshore, a Loews (L) subsidiary, added Dow Jones.
News For L;DO;PBR From The Last 14 Days
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July 30, 2015
18:52 EDTPBRVantage Drilling responds to media reports
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July 27, 2015
06:20 EDTDOU.S. oil firms preparing for extended job cuts, WSJ reports
U.S. energy companies intend to cut more jobs, sell more assets, and engage in more financial maneuvers to deal with the recent drop in U.S. crude-oil prices to below $50 a barrel, the Wall Street Journal reports. Companies have started to warn that more layoffs will come, particularly Halliburton (HAL) and Baker Hughes (BHI), who disclosed last week that they had cut 27,000 jobs between them, the report says. Job cuts for the industry are beginning to extend to engineers and scientists, the report adds. Publicly traded companies in oil industry include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Other publicly traded companies in the space include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
July 22, 2015
06:59 EDTPBRPortugal joins Petrobras corruption probe, FT reports
A probe into alleged corruption at Petrobras is spreading internationally, with Portugal announced that it will help Brazil in its investigation of the company, the Financial Times reports. Portugal's move comes just after the U.S., Peru, Colombia, Ecuador, and Panama all said that are taking action in the investigation, the report says. Reference Link
July 21, 2015
10:34 EDTPBRHelix says in dialogue with clients to find ways to preserve contracted work
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July 17, 2015
18:14 EDTPBRPetrobras hires Citi, others to handle fuel distribution unit IPO, Reuters says
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