Baker Hughes News
Oil Drillers Scrambling to Cut Costs
Oil production in the U.S. has risen an additional 4.5 million barrels a day since 2008, an amount which is more than any other OPEC member produces except Saudi Arabia.
After One Merger Called off in Energy Sector, Another Arises
Just two weeks after Halliburton and Baker Hughes called of a $35 billion merger over U.S. monopoly fears, FMC Technologies and Technip, make a run at a $13 billion tie-up
US Rig Count Drops 9 This Week to 406, Another All-Time Low
The number of rigs exploring for oil and natural gas in the U.S. dropped by 9 this week to 406, again reaching an-time low amid depressed energy industry prices
Low Oil Price Brings Layoffs at Energy Firm Baker Hughes (BHI)
Morning Money Memo … Falling gasoline prices may be great for consumers, but they’re tough on energy firms and their workers. The latest layoffs announcement comes from the oilfield services firm Baker Hughes, which plans to cut 7,000 employees — 11 percent of its workforce....
Merck to Buy Cubist Pharmaceuticals for $9.5 Billion
Okay. It is Monday December 8 markets in New York are open and our big number this morning not and a half billion dollars in. Sure Monday pharma giant Merck snagging another one in the Biotech space agreeing to a nine point five billion dollar deal. For Cubist Pharmaceuticals its maker of
Why Halliburton is a Top Energy Trade for Investors
I'm Michelle Franzen N New York as the financial markets close on Wall Street for Thursday December 4. This is story stock another build up and supply. And once crude oil this lower again today oil sliding 18% last month as OPEC. Maintained its current output and the hurts on four oil producers but
Following the Early Birds in Stock Market Sector Reversals
Too many investors are focused on what may happen down the road instead of what is happening. Sure, the stock market is all about the future, but the future is now – what’s just starting to happen. Some of the greatest investors in history have embraced the concept of value investing — buying
Drugmaker Purchase Part of Wave of Corporate Mergers
Morning Money Memo… Two new takeover deals on Wall Street are just the latest examples of a wave of big corporate mergers. Many large companies recently have gone on a buying spree, taking advantage of soaring stock prices and cheap debt to make takeover bids....
Halliburton (HAL) Buys Baker Hughes (BHI) to Become Biggest Oilfield Services Company
Morning Money Memo… A merger announced this morning will create the world’s biggest oilfield services company. Halliburton is buying a rival, Baker Hughes, in a cash-and-stock deal worth $34.6 billion. The agreement comes just days after talks between the two firms had stalled and Halliburton...