Schlumberger

The allegations concern contract payments Schlumberger made several years ago to a consulting firm, Zonic Invest, which has ties to Yemen's government.

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.

Dealmaking in the energy sector has been red-hot lately, and now Schlumberger is getting into the action. The oil services giant agreed to buy Smith International for $11 billion, but the all-stock deal could hit serious antitrust challenges along the way.

The following post rounds up the companies making headlines today: Ford Motor Co. (F) reported a first-quarter loss of $1.4 billion Friday, but added it burned through less money as it continued on with its restructuring plan without government aid. Results beat analyst estimates. Ford shares...