The deal would have left Halliburton and its larger rival Schlumberger sharing more than 90 per cent of the market in some products. Photograph: Mira Oberman/AFP/Getty Images

Halliburton’s failed $28 billion bid for rival Baker Hughes, which was abandoned by the two companies on Sunday, faced insurmountable objections from (...)

Consumer spending, which accounts for more than two thirds of US economic activity, rose at a 2.4 per cent pace and not the 2 per cent rate reported last month

US economic growth slowed in the fourth quarter, but not as sharply as previously estimated, with fairly strong consumer spending offsetting the drag(...)

The   trading floor of Bats Chi-X Europe,  in London: The FTSE 100 Index lifted 34.8 points to 6174.6 following a solid performance from mining stocks and a 1 per cent overnight rise in Hong Kong’s Hang Seng stock market.  Photograph: Jason Alden/Bloomberg

Dublin The Irish market got the session off to a strong start, but weakness crept in during the afternoon and dragged the Iseq down to end the day 0.(...)

Mario Draghi in Davos: the European Central Bank president’s remarks helped to buoy markets on Thursday and the trend continued to the end of the business week. Photograph: Jean-Christophe Bott/EPA

Stocks continued their rebound on growing investor confidence triggered by indications from EU banking chief Mario Draghi that more support for the m(...)

eBay: results out on Tuesday. Photograph: Cyril Byrne
For your diary

TODAY Results: Delta Air Lines. Indicators: Japanese industrial production (Nov). TOMORROW Results: Bank of America; eBay; First Bancorp; IBM; Morgan (...)

Irish based oil and gas exploration company Providence Resources has said it is working with a number of parties to progress the Barryroe farm out.

Irish based oil and gas exploration company Providence Resources has said it is working with a number of parties to progress the Barryroe farm out. T(...)

Schlumberger, the world’s number one oilfield services provider, is to cut  37 jobs from its  plant in Antrim, as it focuses on controlling costs amid   falling oil prices. Photograph: Atef Hassan/Reuters

Oilfield services company Schlumberger is to cut 37 jobs from its workforce at its plant in Newtownabbey, Co Antrim. Unite deputy regional secretary J(...)

The Parliament Buildings in the Stormont Estate in Belfast

Northern Ireland is entering a “new economic era” and it needs to get the word out that it offers more than just a good economic proposition, the Nort(...)

Oil explorer Kosmos is withdrawing from three licences in the Porcupine Basin, to the west and southwest of Kerry, where it has shared interests with Europa Oil & Gas and Antrim Energy. File photograph: Bloomberg

US-listed oil and gas explorer, Kosmos, is pulling out of its three joint ventures off the Irish coast, its partners confirmed on Tuesday. Kosmos is w(...)

Employment gains in July were concentrated in service industries.

US employment rose at a solid clip in July and wages rebounded after a surprise stall in the prior month, signs of an improving economy that could op(...)