International Business News - NBR http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Rep. Charles Rangel helped preserve a tax loophole for an oil drilling company at the same time the company's executive pledged $1 million to a school to be named in the congressman's honor, according to a published report. http://www.ibtimes.com/articles/20081125/report-links-rangel-school-gift-to-tax-loophole.htm Tue, 25 Nov 2008 20:22:36 EST Shares of oil drilling and exploration companies plunged Friday as the price of crude tumbled and the broader markets slid on concern about the global economy. http://www.ibtimes.com/articles/20081024/sector-snap-shares-of-drillers-slide-with-crude.htm Fri, 24 Oct 2008 16:39:54 EDT Shares of oil drilling and exploration companies plunged Friday as the price of crude tumbled and the broader markets slid on concern about the global economy. http://www.ibtimes.com/articles/20081024/sector-wrap-shares-of-drillers-slide-with-crude.htm Fri, 24 Oct 2008 16:34:47 EDT Among the stock activity stories for Wednesday, Oct. 22, from AP Financial News: NEW YORK (AP)--Shares of casino operator MGM Mirage Inc. plunged 14 percent Wednesday after Fitch Ratings downgraded the company on worries about financing its $9.2 billion CityCenter megaresort. http://www.ibtimes.com/articles/20081022/movers-roundup-mgm-mirage-blackrock.htm Wed, 22 Oct 2008 14:23:35 EDT Shares of Nabors Industries Ltd. dropped Wednesday as crude prices fell to levels not seen for more than a year, though the oil and gas drilling company posted strong earnings earlier this week. http://www.ibtimes.com/articles/20081022/nabors-industries-shares-drop-with-crude-prices.htm Wed, 22 Oct 2008 21:05:14 EDT Among the earnings stories for Monday, Oct. 20, from AP Financial News: POMPANO BEACH, Fla. (AP)--PetMed Express Inc., a pet-medication delivery company, on Monday said its fiscal second-quarter profit climbed 29 percent on a double-digit rise in sales and contributions from new orders. http://www.ibtimes.com/articles/20081020/earnings-roundup-petmed-express-volterra.htm Mon, 20 Oct 2008 18:51:16 EDT Bermuda-based oil and gas drilling company Nabors Industries Ltd. said Monday third-quarter profit fell 4 percent, but results beat the company's expectations on strong revenue. http://www.ibtimes.com/articles/20081020/nabors-3q-profit-beats-guidance-on-strong-revenue.htm Mon, 20 Oct 2008 17:40:13 EDT Among the stock activity stories for Thursday, Oct. 2, from AP Financial News: NEW YORK (AP)--Shares of Mosaic Co. plummeted Thursday after its fiscal first-quarter earnings widely missed Wall Street expectations and an analyst downgraded the shares. http://www.ibtimes.com/articles/20081002/movers-roundup-mosaic-hartford-financial.htm Thu, 02 Oct 2008 18:37:05 EDT Shares of Nabors Industries Ltd. dropped Thursday after the drilling and rig company guided for third-quarter earnings below Wall Street's expectations. http://www.ibtimes.com/articles/20081002/nabors-industries-shares-dip-after-3q-outlook.htm Thu, 02 Oct 2008 19:27:46 EDT Nabors Industries Ltd. said Wednesday that it expects to earn 65 to 68 cents per share in its third quarter, below the average analyst estimate. The drilling and rig company said it anticipates charges from investment income and other expenses, as well as a tax rate adjustment and costs from hurricane-related property losses, will lower its net income by 18 cents per share for the quarter. This will be slightly offset by a 1 cent per share gain from a lower share count. http://www.ibtimes.com/articles/20081001/nabors-industries-sees-charges-hurting-3q-profit.htm Wed, 01 Oct 2008 18:15:45 EDT Citing a preference for service companies linked to oil, as opposed to natural gas, Goldman Sachs on Friday rejiggered a list of stocks it's recommending and issued a fresh batch of rating upgrades and downgrades. http://www.ibtimes.com/articles/20080905/ahead-of-the-bell-goldman-rejiggers-oil-ratings.htm Fri, 05 Sep 2008 09:02:49 EDT The 10 highest-paid CEOs for 2007 at Standard & Poor's 500 companies based on calculations by The Associated Press. The total pay figures are rounded, and are based on the AP's compensation formula, which adds up salary, perks, bonuses, above-market interest on pay set aside for later, and company estimates for the value of stock options and stock awards on the day they were granted last year. http://www.ibtimes.com/articles/20080821/aps-list-of-the-highest-paid-ceos-in-2007.htm Thu, 21 Aug 2008 19:57:35 EDT Shares of energy companies closed mostly down Tuesday as oil prices plummeted amid concerns about future demand. The decline in the energy sector was widespread, from natural gas producers and oil companies to oil-services companies. http://www.ibtimes.com/articles/20080729/sector-wrap-oil-natural-gas-companies-fall.htm Tue, 29 Jul 2008 17:52:56 EDT Nabors Industries Ltd., an oil and gas drilling company, on Tuesday blamed a one-time charge due to a tax adjustment for a 15 percent drop in its second-quarter income. http://www.ibtimes.com/articles/20080722/nabors-industries-2q-profit-falls-15-percent.htm Tue, 22 Jul 2008 19:42:12 EDT Shares of oil and gas-related companies dropped Tuesday afternoon as crude and natural gas prices slid on the New York Mercantile Exchange. Light, sweet crude for August delivery fell $4.89 to $126.15, though earlier the contract dropped as low as $125.63. Prices had flirted with the $150 mark earlier this month. http://www.ibtimes.com/articles/20080722/sector-snap-oil-and-gas-shares-slide.htm Tue, 22 Jul 2008 14:27:02 EDT Moody's Investors Services said Thursday it placed its "A3" senior unsecured rating for Nabors Industries Ltd. under review for a possible downgrade after the oil and gas driller announced a senior notes offering. http://www.ibtimes.com/articles/20080717/moodys-to-review-nabors-ratings-due-to-offering.htm Thu, 17 Jul 2008 15:53:50 EDT Oil and gas driller Nabors Industries Ltd. said Thursday one of its subsidiaries has priced a $750 million, 10-year offering. Nabors Industries Inc.'s offering of senior notes, due 2018, will have a 6.15 percent interest rate. The offering is an additional issuance of the same notes that were issued in February 2008, and will have the same rates, terms and conditions, the company said. http://www.ibtimes.com/articles/20080717/nabors-industries-unit-to-offer-750m-in-notes.htm Thu, 17 Jul 2008 13:14:28 EDT Bob Simpson, the chief executive of XTO Energy Inc., topped the list of the most highly paid chief executives in the energy sector. AP examined 2007 CEO pay data from the 410 companies in the S&P 500 that filed compensation disclosures with federal regulators in the first six months of this year. The following are the top earners at companies in the energy sector. http://www.ibtimes.com/articles/20080627/the-highest-paid-energy-company-ceos.htm Fri, 27 Jun 2008 15:08:18 EDT The CEO of an oil and gas driller leads the list of the most highly paid chief executives of Bermuda companies. Eugene Isenberg of Nabors Industries Ltd. was No. 1 among companies in Bermuda. http://www.ibtimes.com/articles/20080627/the-most-highly-paid-ceos-of-bermuda-companies.htm Fri, 27 Jun 2008 12:58:34 EDT Oilfield service shares rallied Monday as higher crude-oil prices gave investors reason to add to their bets on the sector. Oil prices rose on what the market saw as a modest production increase from Saudi Arabia and concerns that output from Nigeria will decline. Light, sweet crude for August delivery rose $1.38 to settle at $136.74 a barrel on the New York Mercantile Exchange. http://www.ibtimes.com/articles/20080623/sector-glance-oil-service-shares-rally.htm Mon, 23 Jun 2008 16:29:42 EDT