International Business News - NOV 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 Oilfield service companies National Oilwell Varco Inc. and Schlumberger Ltd. said Wednesday they have agreed to form a joint venture that would combine their wired drill string telemetry operations. http://www.ibtimes.com/articles/20081119/national-oilwell-varco-schlumberger-ink-deal.htm Wed, 19 Nov 2008 09:29:42 EST Among the stock activity stories for Friday, Oct. 24, from AP Financial News: CHARLOTTE, N.C. (AP)--Shares of American International Group Inc. fell Friday amid growing concerns about the insurer's health as it draws on more loans from the Federal Reserve. http://www.ibtimes.com/articles/20081024/movers-roundup-american-international-group-itt.htm Fri, 24 Oct 2008 18:45:03 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-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 Shares in National Oilwell Varco Inc. fell 4.8 percent Friday after JPMorgan downgraded the stock, saying the oil rig builder could see orders canceled amid the credit crunch. http://www.ibtimes.com/articles/20081024/national-oilwell-shares-slide-on-analyst-downgrade.htm Fri, 24 Oct 2008 16:47:32 EDT Oilfield service provider National Oilwell Varco Inc. on Thursday reported its third-quarter profit increased despite one-time charges from its purchase of Grant Prideco Inc. and disruptions from Hurricane Ike. http://www.ibtimes.com/articles/20081023/national-oilwell-varco-3q-profit-climbs.htm Thu, 23 Oct 2008 10:05:35 EDT Wall Street expects chemical companies to report the economic slump had an affect on third-quarter earnings and to also forecast softening growth for upcoming periods. http://www.ibtimes.com/articles/20081020/chemical-earnings-likely-to-show-economic-strains.htm Mon, 20 Oct 2008 16:41:34 EDT Shares of National Oilwell Varco Inc. jumped Monday after an analyst predicted the oil services provider would report a second consecutive quarter of "stronger-than-expected results." http://www.ibtimes.com/articles/20081020/analyst-predicts-good-3q-for-national-oilwell.htm Mon, 20 Oct 2008 17:41:10 EDT Energy stocks plunged Friday as crude and natural gas prices dropped to levels not seen in more than a year. The sector has fallen alongside a broader sell-off on Wall Street, with the Dow Jones industrials dropping nearly 700 points at one point Friday, or about 8 percent. http://www.ibtimes.com/articles/20081010/energy-stocks-whacked-by-diving-crude-gas-prices.htm Fri, 10 Oct 2008 16:06:54 EDT Oil and natural gas pipe and valve distributor McJunkin Red Man Holding Corp. is planning a $750 million initial public stock offering to capitalize on the market for energy stocks. http://www.ibtimes.com/articles/20080821/mcjunkin-plans-750m-initial-public-stock-offering.htm Thu, 21 Aug 2008 18:27:52 EDT Among the earnings stories for Tuesday, July 29, from AP Financial News: PITTSBURGH (AP)--United States Steel Corp. says its profit more than doubled in the second quarter, surpassing Wall Street's expectations, on increased demand and pricing. http://www.ibtimes.com/articles/20080729/earnings-roundup-us-steel-earthlink.htm Tue, 29 Jul 2008 10:46:25 EDT Oilfield service provider National Oilwell Varco Inc. on Tuesday reported its second-quarter profit grew 32 percent on strong demand for its equipment. http://www.ibtimes.com/articles/20080729/national-oilwell-2nd-qtr-profit-climbs-32-percent.htm Tue, 29 Jul 2008 09:27:18 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 Following is a summary of top stories in the energy sector Tuesday afternoon. Crude on the Rise Again http://www.ibtimes.com/articles/20080701/energy-sector-roundup-crude-ends-near-141.htm Tue, 01 Jul 2008 15:59:45 EDT A Citi Investment Research analyst initiated coverage of oil services and equipment companies Monday, saying that the industry's upturn is far from over. http://www.ibtimes.com/articles/20080701/ahead-of-the-bell-oil-services.htm Tue, 01 Jul 2008 08:23:21 EDT The Standard & Poor's 500 Index finished higher on Monday, with Noble Energy Inc., National Oilwell Varco Inc., and Baker Hughes Inc. recording gains. http://www.ibtimes.com/articles/20080623/s-p-500-leaders-laggards-nbl-mtg.htm Mon, 23 Jun 2008 17:33:28 EDT Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080623/citigroup-walgreen-among-big-movers.htm Mon, 23 Jun 2008 17:02:32 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 Among the stock activity stories for Monday, June 23, from AP Financial News: NEW YORK (AP)--Winnebago Industries Inc. shares dropped for a second day on Monday after the motor-home maker reported a sharply lower profit because of weakening demand and analysts reduced their expectations for the rest of the year. http://www.ibtimes.com/articles/20080623/movers-roundup-winnebago-national-oilwell-varco.htm Mon, 23 Jun 2008 14:50:18 EDT Shares of Halliburton Co. raced to a new record high Monday as oil prices climbed and after the oilfield service provider walked away from an offer to buy Expro International Group PLC. http://www.ibtimes.com/articles/20080623/halliburton-shares-hit-new-high-as-expro-bid-dies.htm Mon, 23 Jun 2008 13:50:34 EDT