BAKER HUGHES INC (BHI)
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Saudi Arabia Eyes 7,000 Global Firms as Dubai Rivalry Heats Up
Saudi officials are talking to 7,000 companies around the world about opening regional headquarters in the kingdom, offering tax breaks and other incentives to turn their desert capital into a global business hub that rivals Dubai.
Baker Hughes Sees Slower U.S. Shale Drilling for Rest of 2021
Shale drilling in North America is going to slow down in the second half of the year from its breakneck pace as explorers cling to promises of austerity, according to Baker Hughes Inc.
Baker Hughes Takes a Stake in Synthetic Natural Gas Startup
Baker Hughes is taking a 15% stake in a startup that aims to produce natural gas from hydrogen and carbon dioxide, the oilfield service company’s latest move to invest technology designed to capture emissions.
A Clean-Energy Technology Elon Musk Hates May Be Near A Big Breakthrough
Hydrogen and fuel cell stocks are winning powerful allies as the world’s top economies see a green future that isn’t one size fits all.
GE Says Momentum Is Building for 2021, and Sets a Reverse Stock Split
The company also announced it completed a deal on its aircraft leasing business valued at more than $30 billion.
What Baker Hughes and Kinder Morgan Told Investors
A look at stock market news.
The Collapse in Global Oil and Gas Drilling Deepened in July
The number of rigs drilling for oil and gas set a fresh record low in July, as activity continues to collapse outside of North America.
Shale’s Bust Shows Basis of Boom: Debt, Debt and Debt: QuickTake
America’s shale boom once looked like one of the century’s great business success stories. Now some of its most iconic names are in bankruptcy court and we’re not done yet. But while Covid-19 and the biggest-ever crude crunch it brought may have been the last straw, the sector’s weaknesses extend back many years, as U.S. oil and gas companies ran up over $300 billion in losses since 2010. Here’s a look at what went wrong and what the fallout might be.
Halliburton Takes $2.1 Billion Writedown After Fracking Collapse
Halliburton Co. said revenue in North America, its largest market, collapsed by 57% in the second quarter, underlying the challenges that the fracking behemoth faces.
Halliburton Stock Isn’t Worth the Risk
Halliburton shares have been in a downward spiral for years which shows no signs of ending. Don't get lured into HAL stock here.
The GE Stock Redemption Story Continues
Thanks to Larry Culp, GE stock is being reborn, but there's still a lot left to do before a consensus is reached on Wall Street.
Stocks making the biggest moves premarket: Apple, Broadcom, Baker Hughes, Amazon & more
These are the stocks posting the largest moves before the bell.
Stocks making the biggest moves premarket: Oracle, Blackstone, Walmart, Hertz, AT&T & more
These are the stocks posting the largest moves before the bell.
Stocks making the biggest moves premarket: RH, Dave & Buster's, GameStop, GE, Costco & more
These are the stocks posting the largest moves before the bell.
GE to lose majority control of Baker Hughes with up to $3 billion share sale
General Electric is looking to raise up to $3 billion in sale of majority-owned Baker Hughes shares.
Schlumberger Suffers Credit Hit as Oil Customers Stick to Saving
Schlumberger Ltd. had its debt rating lowered by S&P Global Inc. as belt-tightening in the U.S. shale patch translates into less drilling and fracking work for the world’s top oilfield services provider.
GE will be transparent about challenges in its turnaround plan, CEO Larry Culp says
"There's a lot of capital there that we're gonna be able to put to use to bring down the leverage on the industrial balance sheet," General Electric CEO Larry Culp says.
Stocks making the biggest moves premarket: Boeing, Apple, Nvidia, Facebook & more
Some of the names on the move ahead of the open.
Anything other than a US-China trade deal 'wouldn't make sense,' energy executives say
An escalating trade war between the world's two largest economies would be nonsensical, according to executives from the liquefied natural gas (LNG) market.
Baker Hughes acquires 5% of ADNOC Drilling for $550 million
The transaction values ADNOC Drilling at about $11 billion and Baker Hughes will receive a seat on ADNOC Drilling's board of directors.
A stealth boom in oil and gas spending will boost oilfield services stocks, Morgan Stanley says
Morgan Stanley is forecasting a bigger jump in spending on new oil and gas development than most of Wall Street expects, teeing up a windfall for oilfield services firms.
With restructuring done, GE’s Flannery turns sights to fixing power business, GE Capital
General Electric will focus on meeting second half turnaround goals for its struggling power and GE Capital business units, the company said.
Schlumberger Meets Estimates, Expects Continued Profit Growth
SLB earnings met estimates, but they should continue to rise in the future as market dynamics drive demand for E&P services higher.
Cramer: GE's stock is finally a buy
Jim Cramer says shares of General Electric are finally finding a bottom thanks to CEO John Flannery's turnaround strategy.
CNBC adds Boston Scientific to its IQ 100 index of market innovators
Boston Scientific is added to the CNBC IQ 100, an index weighted according to a company's intellectual property, which gives it a strategic advantage over competitors.
Trade (but don’t trust) GE as Dow exit rally stretches into Day 2, technical analyst says
After getting beaten up and kicked out of the Dow, GE shares are now rallying to their best level in a month. Step in with caution here, says one technical analyst.
Here's why GE is holding on tight to its aviation business
The aviation business is booming, with Boeing and its European rival Airbus — the two main manufacturers of passenger jets — enjoying record orders for passenger planes.
Stocks making the biggest moves premarket: GE, LEN, FDS, HOG, VALE & more
Some of the names on the move ahead of the open
GE plans to spin off its health-care unit and shed its stake in Baker Hughes: Report
General Electric reportedly plans to spin off its health-care unit and shed its stake in Baker Hughes.
Baker Hughes (BHI): Commodities News
BHI – Baker Hughes total U.S. rig count increased by 2 to 1062 following last week’s increase of.
Cramer Remix: GE just got a huge break—the stock may have bottomed
Jim Cramer thinks General Electric’s worst days could be behind it thanks to the recent increase in oil prices.
Cramer: T-Mobile's John Legere could be the ticket to Sprint merger approval
Jim Cramer explains why the T-Mobile-Sprint merger winning regulatory approval isn't as ridiculous as some might think.