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Halliburton to Slash 5,000 More Jobs Amid Oil Slump
2016-02-25 22:11:49| Oil & Gas - Topix.net
Oilfield services provider Halliburton Co , pressured by a prolonged slump in crude oil prices, will further slash its workforce by about 8%, or by 5,000 jobs, company spokeswoman Emily Mir told Reuters on Thursday. The more than 70% fall in global crude prices since mid-2014 has led to a series of job cuts and additional cost-cutting efforts from several companies including the world's largest oilfield services provider, Schlumberger Ltd .
Oil prices fall amid supply glut concerns
2016-02-25 01:00:00| Offshore Technology
Oil prices have dropped due to excess supply concerns amid a slowing global economy.
Heineken "mindful" of Nigeria amid currency woes
2016-02-24 16:08:00| Daily beverage news and comment - from just-drinks.com
Heineken is keeping an eye on Nigeria as currency turmoil makes it harder for the company to get money out of the country.
Tags: currency
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Van de Velde CEO to leave amid FY profit hike
2016-02-24 11:46:00| Daily apparel & textile news and comment - from just-style.com
Belgian underwear group Van de Velde has seen its annual profit skyrocket thanks to increased turnover, and says CEO Ignace Van Doorselaere will stand down at the end of the year.
Shale Oil Architect Predicts Doom for Some Drillers Amid Slump
2016-02-24 10:50:59| Energy - Topix.net
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Mark Papa, the former EOG Resources Inc. chief executive officer who helped create the shale industry more than a decade ago, said drillers are "grievously wounded" as crashing crude prices exact their toll.
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