In a blockbuster deal worth an estimated $32 billion, General Electric (GE) on Monday agreed to become majority shareholder in a partnership combining its oil and natural gas business with Baker Hughes Inc., creating the second largest oilfield operator in the world.
Ge'S
Articles from Ge'S
GE Says Talks Ongoing For ‘Potential Partnerships’ With Baker Hughes
Baker Hughes Inc., still smarting after its mega-merger with Halliburton Co. was scuttled earlier this year, is in talks with General Electric (GE) regarding joint ventures, officials confirmed Friday.
October 28, 2016
Oil, Gas Prove to Be Drag on GE’s 3Q2016 Results
Reflecting low crude oil prices and a weak global economy, General Electric’s (GE) operations showed only modest earnings growth during 3Q2016, with oil/natural gas businesses being the main drag. That could continue in 2017.
October 25, 2016
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