Tag: baker-hughes
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Baker Hughes shares set to rise on GE deal: Barron’s
NEW YORK (Reuters) – Shares of oilfield services company Baker Hughes Inc could rise significantly if it completes its merger with General Electric Co's oil and gas division, according to a report in Barron's. The companies announced the deal last month, just as competition in the sector started to heat up after several years of…
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Baker Hughes shares set to rise on GE deal: Barron’s
NEW YORK (Reuters) – Shares of oilfield services company Baker Hughes Inc could rise significantly if it completes its merger with General Electric Co's oil and gas division, according to a report in Barron's. The companies announced the deal last month, just as competition in the sector started to heat up after several years of…
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New HIV vaccine trial to start in South Africa
JOHANNESBURG (AP) — A new vaccine against HIV, to be tested in a trial to be launched in South Africa Wednesday, could be “the final nail in the coffin” for the disease if it is successful, scientists say.
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Oilfield services shakeup in cards after GE-Baker Hughes deal
General Electric Co’s deal with Baker Hughes Inc to create the world’s No. 2 oilfield services business is the clearest signal yet that consolidation is picking up in the energy sector as companies face long-term lower oil prices. GE said on Monday it would merge its oil and gas business with Baker Hughes, creating a…
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Baker Hughes-GE talks come after difficult time for both companies
Industrial giant General Electric Co and oilfield services company Baker Hughes, both beset by difficulties during oil's two-year price rout, may have a clear path out of the doldrums: join forces. GE said Thursday it was in discussions with Baker Hughes Inc but not to acquire the company outright. Baker Hughes said Friday talks were…