Halliburton, Baker Hughes to lay off thousands as oil slumps
(Reuters) – Oilfield service providers Baker Hughes Inc and Halliburton Co plan to cut thousands of jobs as drilling activity slows further due to a steep fall in crude oil prices.
United Airlines mulls a change to existing Boeing orders
(Reuters) – United Continental Holdings Inc said on Tuesday it is considering whether to exchange aircraft orders it has placed with Boeing Co for larger 777-300ER jetliners, also made by the Chicago-based planemaker.
Netflix accelerates global push as U.S. growth slows
(Reuters) – Streaming video service Netflix Inc said it will complete its expansion into 200 countries within two years, faster than expected, as the company builds its presence overseas while growth in the United States slows.
Wal-Mart launches in-store tax refunds
(Reuters) – Wal-Mart Stores Inc has launched a service allowing customers to pick up tax refunds in cash at stores across the United States.
Wall Street ends flat as hope for ECB move increases
NEW YORK (Reuters) – U.S. stocks closed little changed on Tuesday after the International Monetary Fund reduced its growth forecasts for 2015 and 2016, increasing speculation central banks would take more aggressive policy moves to spark economic impro…
IBM profit forecast, fourth-quarter revenue below estimates
(Reuters) – International Business Machines Corp posted a new 2015 profit target and quarterly revenue that both missed analysts’ estimates, as the one-time world technology leader continues to grapple with its journey from low-margin hardware maker to…
BP asks for lower fine in penalty phase of Gulf spill trial
NEW ORLEANS (Reuters) – BP Plc, citing low oil prices, tried to whittle away at $13.7 billion in potential fines under the Clean Water Act on Tuesday as the penalty phase started in its trial over the 2010 Gulf of Mexico oil spill.
Supreme Court rejects challenge to debit card ‘swipe fees’ rules
WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday declined to hear a challenge to controversial debit card “swipe fee” rules, dealing a blow to retailers, grocers and restaurant owners who argued the charges were unfairly high.
Morgan Stanley to pay smaller proportion of revenue in bonuses
(Reuters) – Wall Street investment bank Morgan Stanley said it would pay a smaller portion of revenue in bonuses to its bankers and traders this year even in a better revenue environment.
Netflix adds 4.3 million streaming subscribers, shares soar
(Reuters) – Netflix Inc added 4.3 million net subscribers to its TV and movie streaming service worldwide in the fourth quarter, helped by expansion into new markets, sending its shares soaring in after market trading.
