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The world's No.2 oilfield services company $HAL cut costs in 3Q16 to post a profit, thus putting an end to its loss-making spree after the crash in oil prices devastated the industry. $HAL reported earnings of $6MM, or 1 cent per share, compared with a loss of $54MM, or 6 cents per share, a year earlier. Revenue fell 31% to $3.83Bil.
$C gets hit with a $25 million fine for spoofing charges. Interesting! This is the first time a bank has been hit with such charges.
Your favorite snack maker $MDLZ is selling its Vegemite brand to Bega Cheese. Don’t worry though, Oreo will stay, in fact the move was made to focus on Oreo and Cadbury. On a side note, tell your mate in Australia because Bega Cheese is a worth buy there now.
We all know oil is the buzzword in recent times. But if you did not know $RRC has as much as 40% upside in this year, do take a look. Don’t let the recent news about increased US oil production scare you, the rally isn't over!
Even the $ORCL Oracle Corporation that changed the face of database management still carries the legacy of racial discrimination. Not sure if this is the right place to say, but racial profiling accusations are growing dramatically in big companies!
Wham! $NFLX did not disappoint me! Stronger than expected results and an upbeat outlook and most importantly, the share price is up around 8% pre-market. What a time to be alive!