February 9, 2015
Major Houston energy merger takes big hit amid slumped oil
Houston-based C&J Energy Services Inc. (NYSE: CJES) $2 billion merger with Nabors Industries Ltd. (NYSE: NBR) has undergone some big changes.
C&J Energy announced that the cash portion of its merger with Nabors’ production and completion businesses will drop from $938 million to $688 million and that the debt incurred to fund the cash consideration will also be proportionally reduced.
Got Energy? Sign up for our Energy Inc. newsletter here
The deal is expected to close in March pending stockholder…
Houston-based Baker Hughes Inc. (NYSE: BHI) is cutting more jobs and shrinking its operations in the U.S.
The ongoing impact of slumping oil prices may put a damper on Valentine’s Day, as it’s hard to feel romantic about $52 a barrel.
The acquisition of Exelis Inc. by Harris Corp. could have major implications for both the Greater Washington area and its home city in Melbourne — namely, a new headquarters for one of the biggest defense companies.
Kink.com, you’re in luck. The Mission-based porn studio is one of about a dozen new office developments that the Planning Department says will likely get approvals this year before the city’s office space cap, known as Prop. M, is enforced.