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Stock Market & Financial Investment News

News Breaks
July 9, 2014
18:10 EDTSLBSchlumberger can continue higher, Barron's says
Schlumberger shares have rallied and could continue higher, driven by analyst confidence and a strong outlook, Barron's contends in its Barron's Take column. Although the stock isn't cheap, trading at over 17 times forward earnings, the stock still trades under historical valuation levels, the paper adds. Reference Link
News For SLB From The Last 14 Days
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December 1, 2015
12:49 EDTSLBSchlumberger to reduce workforce in light of expected reduced activity for 2016
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07:52 EDTSLBCowen to hold a conference
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November 17, 2015
17:33 EDTSLBSchlumberger, Cameron say Justice Department clears proposed merger
Schlumberger (SLB) and Cameron (CAM) jointly announced that the U.S. Department of Justice has cleared their proposed merger without any conditions, granting early termination of the waiting period required by the Hart-Scott-Rodino Act. The closing of the proposed merger remains subject to approval by Cameron stockholders, with a special shareholder meeting scheduled for December 17. Schlumberger and Cameron expect to close the merger in 1Q16.

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