Schlumberger reports Q4 net loss of $1 billion, cuts 10,000 more jobs

Schlumberger Ltd, on Thursday, reported a net loss of $1 billion for the fourth quarter and also said that it has axed 10,000 additional employees, as an effort to adjust its resource and cost base.

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Chesapeake Energy Laid off workers, oil price as main reason

Oklahoma-based energy company, Chesapeake Energy Corp said it had laid off about 15 percent of its employees and citing the low oil price and gas as the main reason for the move. The second-largest natural gas company in the U.S had laid off 740 workers on Tuesday so far.

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Schlumberger announces merger offer with oilfield maker Cameron

Schlumberger had announced conclusive merger agreement with Cameron in which both companies shall combine in a stock and cash transaction. The agreement was unanimously confirmed by the boards of directors of both companies on Thursday.

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Trouble in the North: Canada's economy continues to shrink

Canada is now facing its worst dilemma - a mild contraction, according to Stephen Poloz, governor of the Bank of Canada.

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Halliburton to buy Baker Hughes for about $35 billion

Halliburton Co (HAL.N) will buy Baker Hughes Inc (BHI.N) for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger NV (SLB.N) as falling oil prices threaten to erode demand.

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