Why Oil Services Stocks Are Starting to Get Hot

As rapid economic development and a population boom take place in the developing world, oil will play an increasingly vital role, no matter what its drawbacks. That puts the likes of Schlumberger, Weatherford and Baker Hughes in a sweet spot.

Schlumberger Earnings Meet Estimates

Schlumberger reported Friday morning its income from continuing operations, excluding charges, rose to $818 million, or 68 cents a share, from $613 million or 51 cents per share in the year-ago period. Earnings met Wall Street estimates.

Stocks in the News: Microsoft, Sears, Xerox

Still in the thick of earnings season, investors are keeping a close eye on financial reports from some of the nation's biggest corporations. A few stocks to watch during today's trading session include Microsoft, Amazon, Sears and Xerox.

Schlumberger, Smith to Merge in $11 Billion Deal

Schlumberger is getting into energy M&A game. It has agreed to pay $11 billion in an all-stock purchase of Smith International. The deal is expected to close in the second half, but it could hit serious antitrust challenges along the way.