Oilfield services provider Schlumberger Ltd. said Sunday it will acquire another major industry player, Smith International Inc., for about billion in stock.
President Barack Obama announced more than billion in federal loan guarantees for the construction of the first nuclear power plant in the U.S. in nearly three decades.
Oil prices tumbled Wednesday, weighed down by a drop on Wall Street, a stronger dollar and signs that China's energy needs might not be as robust as previously thought.
