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Schlumberger 2Q tumbles 57 pct as drilling slows
HOUSTON - Schlumberger Ltd. said Friday its second-quarter earnings tumbled 57 percent as oil and natural gas companies cut back on exploration and drilling, particularly in North America. Still, the results topped Wall Street expectations.
Nations:Canada France Russia Source:(AP)
2009-07-24
KBR wins contract despite criminal probe of deaths
WASHINGTON - Defense contractor KBR Inc. has been awarded a $35 million Pentagon contract involving major electrical work, even as it is under criminal investigation in the electrocution deaths of at least two U.S. soldiers in Iraq.
Nations:Nigeria U.S. People:Bob Casey Dick Cheney Source:(AP)
2009-02-07
Job-killing recession racks up more layoff victims
WASHINGTON - The recession is killing jobs at an alarming pace, with tens of thousands of new layoffs announced Monday by some of the biggest names in American business -- Pfizer, Caterpillar and Home Depot.
Nations:U.S. People:Barack Obama Activities:2008 U.S. Layoff Crisis Source:(AP)
2009-01-26
Dow up 494 as Obama prepares to name treasury boss
NEW YORK - Wall Street put a stop to a terrifying decline and stormed higher Friday as President-elect Barack Obama appeared ready to tap the chief of the New York Federal Reserve as the next treasury secretary and hand him the herculean task of righting the U.S. financial system.
People:Timothy Geithner Henry Paulson Barack Obama George W. Bush Activities:U.S. Markets
2008-11-21
Stocks surge as investors anticipate yearend rally
NEW YORK - Investors believing that Wall Street is on the verge of a yearend rally piled into the market Tuesday, brushing off more weak economic data while they scarfed up stocks and propelled the Dow Jones industrials up 300 points to its highest close in four weeks.
People:Barack Obama John McCain Ronald Reagan Activities:U.S. Markets
2008-11-04
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