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Stock Market & Financial Investment News

News Breaks
January 23, 2013
15:07 EDTNBRCorrection: Pamplona Capital reports 9.3% stake in Nabors Industries
Pamplona Capital has become increasingly concerned about the underperformance of the common stock relative to its peer group and the market, Nabors' problems experienced with achieving various aspects of its strategic plan and its declining market share. Pamplona has substantial experience in Nabors' lines of business and has had constructive discussions with its management. Pamplona believes it has valuable insights to contribute to the development of the business and intends to have further discussions with management, the Board of Directors of Nabors, other shareholders and other relevant parties relating to Nabors' business, operations, strategy, future plans, corporate governance and related matters.
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July 27, 2015
06:20 EDTNBRU.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

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