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baker hughes inc
American Oil Drillers Were Hanging On by a Thread. Then Came the Virus.
Energy companies were major issuers of junk bonds to finance expansion. But now they are in trouble as capital has dried up and oil prices have cratered.
2016 Was a Year for Undoing Major Deals
Big takeovers by the likes of the pharmaceutical giant Pfizer, the Oreos maker Mondelez and the office supply retailer Staples were all consigned to the scrap heap.
Wall Street Bonuses Are Expected to Sink for 3rd Straight Year
Outside the New York Stock Exchange. Merger and acquisition talks have been active, but advisers aren’t paid until a deal is done.
General Electric Plans to Merge Its Oil and Gas Division With Baker Hughes
The deal would give G.E. a big stake in the oil business, and give Baker Hughes shareholders stock in a larger, healthier company and a dividend.
Breakingviews: Baker Hughes Could Be a Good Fit for General Electric
G.E. has sold off $200 billion of financial assets since the financial crisis, but it is now prepared for an offensive.