Joe Hill News
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Activist investors from Carl Icahn to Daniel Loeb are amassing stakes in energy companies to replace directors and spin off assets dragging down valuations amid record oil prices.
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Carl Icahn’s new stake in Transocean Ltd. may raise pressure on the world’s largest offshore driller to put some of its rigs into a tax-advantaged partnership as the billionaire seeks to boost his investment’s value.
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Weatherford International Ltd. is shaping up to be a takeover target with accounting issues that wiped out half its market value on the verge of being resolved.
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The U.S. shale boom is turning into a bust for companies that provide drilling services as the number of rigs seeking natural gas has fallen faster than any time in the last 24 years.
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General Electric Co. agreed to buy oil-field equipment maker Dresser Inc. for $3 billion, expanding its biggest industrial unit, as Chief Executive Officer Jeffrey Immelt begins spending cash accumulated over the past two years.
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Oil and gas companies drilling in the Gulf of Mexico’s shallow waters must verify that they meet new requirements for blowout preventers by June 17, U.S. regulators said.
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Meet Mickey Cohen, a hedge-fund hero in January 2007.
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Weatherford International Ltd. rose the most in almost four months after second-quarter profit exceeded analysts’ estimates and it forecast higher sales growth for the year.
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In Chicago on May 19, three men described by police as "self-proclaimed anarchists" were detained for stockpiling Molotov cocktails and conspiring to attack President Barack Obama's campaign headquarters and other targets.
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Noble Corp. , owner of the world’s second-largest fleet of offshore drilling rigs, ordered two more ultra-deepwater drillships to be built by Hyundai Heavy Industries Co. Ltd. for a total of $1.21 billion.
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