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Search results for "CONOCOPHILLIPS"



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Valeant and Dollar Tree are big market movers

NEW YORK- Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Valeant Pharmaceuticals International Inc., down $6.55 to $224.05. Whirlpool Corp., down $7.90 to $160.20.
Source: The Associated Press
ConocoPhillips plans to cut 10 percent of its workforce

NEW YORK- Energy company ConocoPhillips, which has already cut 1,000 jobs this year, says it will eliminate around 1,810 more positions following a plunge that took oil prices to their lowest levels in years. ConocoPhillips plans to eliminate more than 500 jobs in Houston, where it is based. ConocoPhillips had 18,100 employees on June 30.
Source: The Associated Press
Two new Canadian oil sands projects started despite price pain

CALGARY, Alberta, Sept 1- ConocoPhillips and Husky Energy Inc announced key milestones in bringing two new oil sands projects online on Tuesday, underlining how some producers in the high-cost sector are boosting production even as crude prices tumble. The Canadian Association of Petroleum Producers forecast in June that oil sands production to hit 3.1...
Source: Reuters | By: Nia Williams and Mike De Souza
17.81 million vehicles sold  

CNBC's Dominic Chu reports that auto companies sold 17.81 vehicles, most since the summer of 2005.
Source: CNBC.com
ConocoPhillips to slash workforce by 10 percent

ConocoPhillips said it is planning to cut about 10 percent of its global workforce, with the largest percentage of cuts in North America.
Source: CNBC.com | By: Reem Nasr
COP to lay off 10% of global workforce  

CNBC's Dominic Chu reports that ConocoPhillips has announce it will cut 10 percent of its global workforce.
Source: CNBC.com
UPDATE 3-Penn West Petroleum lowers capex, suspends dividend, cuts jobs

Sept 1- Canada's Penn West Petroleum Ltd on Tuesday announced a number of measures, including a lower budget and job cuts, to chop costs and said it would only spend cash it earned from operations, a step that will shrink its growth prospects. ConocoPhillips also said on Tuesday it is laying off 400 employees and 100 contractors in Canada. Shares of the company, which...
Source: Reuters
China leads Asian stocks lower on poor factory data

NEW YORK- Stocks plunged again Tuesday, continuing a rocky ride for Wall Street, after an economic report out of China rekindled fears that the world's second-largest economy is slowing more than previously anticipated. The sell-off adds to what has been a difficult few weeks for U.S. and international markets. "This market remains fragile," said Jack Ablin, chief...
Source: The Associated Press | By: By ELAINE KURTENBACH, AP Business Writer
US STOCKS-Wall Street's worst month in 3 years ends on a sour note

Aug 31- Wall Street ended lower on Monday and wrapped up its worst month since 2012 after a senior Federal Reserve official heightened fears among investors of a potential U.S. interest hike in September. Fed Vice Chairman Stanley Fischer on Saturday said U.S. inflation would likely rebound as pressure from the dollar fades, allowing the Fed to raise interest...
Source: Reuters | By: Noel Randewich
US STOCKS-Wall Street falls as investors fret about rate-hike timing

Aug 31- Wall Street was lower on Monday afternoon as investors worried that the Federal Reserve may start raising interest rates in September, although a rally in oil boosted energy stocks. The market was poised for its worst monthly drop over three years after being pummeled in the past two weeks due to worries about the health of China's economy and the timing...
Source: Reuters | By: Noel Randewich