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Schlumberger Ltd

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BUSINESS
February 22, 1989 | From United Press International
Schlumberger Ltd. said Tuesday it has begun exploratory talks with several parties for the sale of its graphics division. The division, which designs and manufactures plotters for the computer graphics market, had 1988 revenue of $125 million and employs 850.
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BUSINESS
January 22, 2008 | Mark Jewell, The Associated Press
Major defense contractor Raytheon Co. is selling microwave technology to a large oil field services company to extract oil reserves in the West's vast underground shale deposits. In a deal to be announced today, Schlumberger Ltd. is buying technology that Raytheon developed with Boston-based CF Technologies, which supplied expertise to extract oil using so-called supercritical liquid carbon dioxide.
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BUSINESS
February 13, 2001 | From Bloomberg News
Schlumberger Ltd., an oil-field service company that has expanded into electronic meters and "smart" bank and credit cards, agreed to buy computer system consultant Sema for $5.3 billion in cash. But Wall Street had a harsh reaction, sending Schlumberger shares down $9.20, or nearly 12%, to $69 on the New York Stock Exchange. Sema, which is 17%-owned by France Telecom, helps businesses set up computer systems and provides software for mobile phones and electronic payment systems.
BUSINESS
September 15, 1998
Schlumberger Ltd. said it equipped parking lots at UC Berkeley and San Francisco State with meters that can run on solar power and take credit cards or currency. Terms of the transactions weren't disclosed. New York-based Schlumberger, the world's largest oil field service company, has a parking meter unit that has installed 80,000 meters for about 500,000 parking spaces worldwide. The meters accept coins, paper money and credit cards and dispense tickets for motorists.
BUSINESS
June 20, 1998 | Bloomberg News
New York-based Schlumberger Ltd., a leading oil field services company, said it agreed to buy one of its smaller rivals, Camco International Inc., in a stock swap worth about $3.1 billion. Word of the acquisition sent Houston-based Camco's stock soaring almost 20%, gaining $12.48 to close at $74.73 on the New York Stock Exchange. Schlumberger's stock fell $3.69 to close at $66.25, also on the NYSE. The $3.
BUSINESS
October 28, 1988 | United Press International
Schlumberger Ltd. has announced plans to phase out its technology research laboratory in Palo Alto and re-establish some of its functions at a lab in Texas. The New York-based oil-field services company has formed Schlumberger Laboratory for Computer Sciences in Austin, Tex., which is expected to begin operations in November, said a company spokesman, S.T. McCormick.
BUSINESS
November 11, 1999 | (Bloomberg News)
Benton Oil & Gas Co. agreed to further develop its main oil field in Venezuela with Schlumberger Ltd. and ended a nine-month search with J.P. Morgan Securities Inc. for ways to boost its share price. Benton and Schlumberger, the No. 2 oil service company, plan to boost production at the South Monagas Unit in the next two to three years from the current rate of about 25,000 barrels a day. They chose Helmerich & Payne Inc. to drill wells. Carpinteria-based Benton hired J.P.
BUSINESS
July 13, 1999 | From Bloomberg News
Schlumberger Ltd. plans to spin off its Sedco Forex Offshore unit to shareholders, then merge it with Transocean Offshore Inc. in a $3.2-billion transaction that would create the world's largest offshore drilling company. Shares of the new company, to be called Transocean Sedco Forex, are valued at $29 each, for a total of about $6.1 billion. Schlumberger shareholders would own 52%.
BUSINESS
September 1, 1987 | VICTOR F. ZONANA, Times Staff Writer
National Semiconductor, whose outspoken president left Fairchild Semiconductor two decades ago, agreed on Monday to buy the struggling Silicon Valley pioneer for $122 million. The price, described by several analysts and competitors as "a steal," is about half of what Japan's Fujitsu Ltd. was prepared to pay Schlumberger Ltd. for its Fairchild unit earlier this year. Fujitsu's deal to acquire an 80% stake in Fairchild collapsed amid opposition from the U.S.
BUSINESS
October 18, 2000 | From Bloomberg News and Reuters
Delta Air Lines Inc. and Alaska Air Group Inc. said Tuesday that third-quarter profits fell on higher fuel costs, but Southwest Airlines Co. posted an earnings increase. Southwest and Delta, the third-largest U.S. carrier, were among airlines best protected against rising fuel costs by the use of hedges, analysts said. Low-fare carrier Southwest also gained business from America West Airlines, UAL Corp.'s United Airlines and Alaska, which all had delays or cancellations.
BUSINESS
November 11, 1999 | (Bloomberg News)
Benton Oil & Gas Co. agreed to further develop its main oil field in Venezuela with Schlumberger Ltd. and ended a nine-month search with J.P. Morgan Securities Inc. for ways to boost its share price. Benton and Schlumberger, the No. 2 oil service company, plan to boost production at the South Monagas Unit in the next two to three years from the current rate of about 25,000 barrels a day. They chose Helmerich & Payne Inc. to drill wells. Carpinteria-based Benton hired J.P.
BUSINESS
July 13, 1999 | From Bloomberg News
Schlumberger Ltd. plans to spin off its Sedco Forex Offshore unit to shareholders, then merge it with Transocean Offshore Inc. in a $3.2-billion transaction that would create the world's largest offshore drilling company. Shares of the new company, to be called Transocean Sedco Forex, are valued at $29 each, for a total of about $6.1 billion. Schlumberger shareholders would own 52%.
BUSINESS
September 15, 1998
Schlumberger Ltd. said it equipped parking lots at UC Berkeley and San Francisco State with meters that can run on solar power and take credit cards or currency. Terms of the transactions weren't disclosed. New York-based Schlumberger, the world's largest oil field service company, has a parking meter unit that has installed 80,000 meters for about 500,000 parking spaces worldwide. The meters accept coins, paper money and credit cards and dispense tickets for motorists.
BUSINESS
July 7, 1998 | Bloomberg News
Thousand Oaks-based Amgen Inc. is among 15 stocks Salomon Smith Barney Inc. is betting on to be attractive investments in the coming year. The latest edition of Salomon's "Ten+ Exceptional Names," an annually revised portfolio of stocks, is based on the recommendations of the firm's industry analysts. Last year's list gained 31% through the 12 months ended June 30, beating the 28% price gain for the Standard & Poor's 500-stock index over the same period.
BUSINESS
June 20, 1998 | Bloomberg News
New York-based Schlumberger Ltd., a leading oil field services company, said it agreed to buy one of its smaller rivals, Camco International Inc., in a stock swap worth about $3.1 billion. Word of the acquisition sent Houston-based Camco's stock soaring almost 20%, gaining $12.48 to close at $74.73 on the New York Stock Exchange. Schlumberger's stock fell $3.69 to close at $66.25, also on the NYSE. The $3.
BUSINESS
February 13, 2001 | From Bloomberg News
Schlumberger Ltd., an oil-field service company that has expanded into electronic meters and "smart" bank and credit cards, agreed to buy computer system consultant Sema for $5.3 billion in cash. But Wall Street had a harsh reaction, sending Schlumberger shares down $9.20, or nearly 12%, to $69 on the New York Stock Exchange. Sema, which is 17%-owned by France Telecom, helps businesses set up computer systems and provides software for mobile phones and electronic payment systems.
BUSINESS
January 23, 1998 | From Times Wire Services
General Electric on Thursday said fourth-quarter profit rose 14% as the ratings dominance of its NBC broadcasting unit continued to produce strong advertising revenue and a flurry of acquisitions by its GE Capital finance unit helped boost returns. Net income at the New York-based company rose to a quarterly record of $2.35 billion, or 72 cents a basic share, from $2.07 billion, or 63 cents, in the year-ago quarter. Revenue rose 16% to $26.69 billion from $22.99 billion. (U.S.
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