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As oil plows through $45 a barrel, U.S. producers rush to lock in prices

May 2, 2016 by · Leave a Comment 

The flurry of dealing kicked off when prices pierced $45 per barrel earlier in April. While it was not clear if oil prices will remain at current levels, it may also be a sign producers are preparing to add rigs and ramp up output. This

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As oil plows through $45 a barrel, U.S. producers rush to lock in prices

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Halliburton and Baker Hughes scrap $28 billion merger

May 2, 2016 by · Leave a Comment 

Oilfield services provider Halliburton Co and smaller rival Baker Hughes Inc announced the termination of their $28 billion merger deal on Sunday after opposition from U.S. and European antitrust regulators. It is the latest example of a large merger deal failing to make it

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Halliburton and Baker Hughes scrap $28 billion merger

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New York judge grants request to depose Viacom CEO

February 25, 2016 by · Leave a Comment 

The ruling was the latest in a lawsuit filed in November in Los Angeles by Redstone's ex-girlfriend Manuela Herzer, who has sued over her removal as the 92-year-old Redstone's health care agent in favor of Dauman. As part of that lawsuit, Herzer

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New York judge grants request to depose Viacom CEO

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Halliburton to slash 5,000 more jobs amid oil slump

February 25, 2016 by · Leave a Comment 

The more than 70 percent fall in global crude prices since mid-2014 has led to a series of job cuts and additional cost-cutting efforts from several companies including the world's largest oilfield services provider, Schlumberger Ltd . Halliburton has already reduced its global headcount by 25 percent, or almost 22,000 employees, since 2014. Halliburton is awaiting regulatory approval for its acquisition of Baker Hughes Inc , and the company said last month it was yet to reach an agreement with U.S. and European regulators about the “adequacy” of proposed divestitures.

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Halliburton to slash 5,000 more jobs amid oil slump

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Halliburton refiles bid for EU approval of $35 billion Baker Hughes buy

November 29, 2015 by · Leave a Comment 

U.S. oil services provider Halliburton Co has refiled a request for EU antitrust approval of its $35 billion bid for smaller rival Baker Hughes , four months after regulators rejected an earlier application because of insufficient data. The European Commission will decide by Jan. 12 whether to clear the deal or open a full investigation…

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Halliburton refiles bid for EU approval of $35 billion Baker Hughes buy