halliburton

UBS Releases List of 14 Favorite Stocks

Stocks have soared to record levels this year, but one brokerage firm says there are still plenty of profits left to mine: UBS is out with a new list of 14 favorite stocks.

Midday Market Minute: BP, Gulf Coast Oil Spillers Face Day in Court

Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies involved are scheduled to face their judge in court. The trial is set to start Monday in New Orleans before a federal judge, but a settlement is possible.

Pop Quiz: A Funny Money History of Vice Presidential Candidates

While the presidential candidates are the main event, they are often not as interesting as their running mates. With less of a need to cater to the center, vice presidential candidates can have more fun, be a bit more outrageous, occasionally make some waves financially.

BlackBerry Loses to Apple Again

You know things are going from bad to worse for BlackBerry farmer Research In Motion when some of the stodgiest companies on the planet start trading in their BlackBerry smartphones for shiny new iPhones. The most recent defector from RIM: Halliburton, the fuddy-duddy oil-field services giant that critics associate with the Deepwater Horizon oil spill disaster, Dick Cheney, and no-bid contracts in Iraq.

Why BP Will Never Be Great Again

BP has big problems, and not just because of the Gulf of Mexico oil spill and the $20 billion compensation fund it set up to pay the victims. The petro-giant has been missing Wall Street's profit targets lately, thanks to sloppy operations and a general trend toward lower gasoline consumption.

BP Oil Spill Panel Calls for Reforms, Stronger Oversight

Oil industry practices and government rules must be subjected to substantial reform to prevent future accidents similar to BP's Deepwater Horizon oil rig disaster in the Gulf of Mexico last April, said a report released Tuesday by the presidential panel probing the incident.

Oil Spill Investigator Says No Corners Cut

The lead investigator for the presidential panel's investigation of April's Deepwater Horizon oil-spill disaster that killed 11 workers refuted previous reports that the rig's majority owner BP Plc and contractor Halliburton Co. compromised safety by cutting corners during the rig's construction, the New York Times reported.

Halliburton Responds to Cement Test Claims

Halliburton (HAL) defended itself against claims that it was aware of test results showing that the cement to be used as a plug for the bottom of the Macondo oil well was unstable.

Halliburton Earnings More Than Double

Oil services company Halliburton reported that its net income more than doubled in the third quarter as a surge in onshore North American natural gas activity offset the suspension of drilling in the Gulf of Mexico.

BP Creates Safety Unit, Fires Executive

Incoming BP (BP) CEO Bob Dudley fired the executive at the center of the Gulf oil disaster and created a new division to improve safety. Andy Inglis, the head of the company%u2019s upstream business, will leave the company at the end of the year, BP said in a statement.

Judge Keeps Heat on KBR, Halliburton Over Toxic Burn Pits

Halliburton and Kellogg, Brown and Root violated their contracts to safely dispose of waste in combat zones, and the toxins their burn pits released allegedly caused serious illnesses in U.S. soldiers. But will extenuating circumstances allow the military contractors to avoid punishment?

BP Says "Multiple Companies" Responsible for Gulf Oil Disaster

A report by BP (BP) says that "multiple companies and work teams" are responsible for the Gulf oil disaster that killed 11 workers and spewed out millions of gallons of oil into the ocean. "It is evident that a series of complex events, rather than a single mistake or failure, led to the tragedy," outgoing CEO Tony Hayward said in a statement. "Multiple parties, including BP, Halliburton and Transocean, were involved."

Is Transocean to Blame for
the Gulf Oil Spill?

Though BP has taken the brunt of the blame for the Gulf of Mexico oil spill, the Deepwater Horizon oil rig that exploded was owned by Transocean, and as investigators delve deeper into what happened on April 20, they're focusing more on Transocean's maintenance of the rig.

Legal Briefing: Can BP Victims Get Paid and Still Sue?

Legal Briefing: BP and BP spill fund czar Kenneth Feinberg is taking a lot of flak for the details of the compensation program. One issue is the likelihood that people who take payments won't be able to sue later.

Halliburton Earnings Beat Estimates, Shares Jump

Halliburton shares climbed 2.8% in recent premarket trading after the oilfield services company said Monday its second-quarter net income climbed 83% to $480 million, or 53 cents a share, from $262 million, or 29 cents a share a year ago.

Legal Briefing: Bid-Rigging Convictions Overturned

Two Marsh & McLellan executives who were convicted in an insurance industry bid-rigging case saw their convictions overturned Wednesday because the New York Attorney General's office failed to turn over 700,000 documents, including exculpatory and impeaching evidence.

Judge Who Nixed Drilling Ban Has Big Oil Investments

U.S. District Judge Martin Feldman, who overturned the Obama administration's temporary ban on deep-water offshore oil drilling, has a lot of his net worth in oil industry companies such as Ocean Energy, Prospect Energy, Peabody Energy, Halliburton and Parker Drilling.

One Year Later: Are we socialist yet?

Of all the effects of 2008's economic meltdown, the most significant might be the growing belief that the country is now on the road to socialism....