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GE and Baker Hughes amend agreements, including reduced BHGE payments to GE over timeBaker Hughes, a GE company and General Electric Co. announced Tuesday a number of long-term agreements, including a reduction in Baker Hughes payments to GE, a collaboration on critical rotating equipment and creating a joint venture to provide aeroderivative engine services. GE's stock rallied 1.6% in premarket trade, after tumbling 12% the past two sessions to close Monday at a 9 1/2-year low. Baker Hughes shares dropped 2.7% premarket after falling 12% the previous two sessions. The rotating equipment deal will include aeroderivative and heavy-duty gas turbine technology, while the JV will serve the oil and gas and industrial markets. GE has recently had issues with an H-frame gas turbine blade, which forced a shutdown of an Exelon Corp. facility. Separately, Baker Hughes will have access to GE Digital software and technology, the companies have agreed to maintain current operations and pricing levels within Baker Hughes' Control product line, GE will transfer certain U.K. pension liabilities to Baker Hughes, and the intercompany services fee that Baker Hughes pays to GE will be reduced over time beginning next year. GE's stock has plunged 36% over the past three months through Monday and Baker Hughes shares have tumbled 31%, while the S&P 500 has lost 3.4%.
Source: MarketWatch - 🏆 3. / 97 Read more »
GE shares jump toward best day in 9 years after accelerated Baker Hughes share saleGeneral Electric will reduce its stake in Baker Hughes to a slight majority position, the company announced Tuesday. After getting its head kicked in the last few days. They gotta let that dog go quick. Oil prices spiked up, but dropped precipitously in the recent days. They are at a very attractive valuation currently. I am buying at these levels. Not much to lose at these prices.
Source: CNBC - 🏆 12. / 72 Read more »
GE seeks to raise $4 billion with sale of Baker Hughes stakeGeneral Electric Co on Tuesday unveiled a plan to raise about $4 billion by acce... quem manda cair em conversa de advisor de banco e comprar porcaria Justice comes when least expected These people have never been able to be trusted when dealing with their own money and we want them to start building military ships for our country? I just see a bunch of brand new ships sinking as soon as they go for their first test run.
Source: Reuters - 🏆 2. / 97 Read more »
GE accelerates Baker Hughes exit plan with stake saleGeneral Electric Co is selling a part of its stake in oilfield services provider...
Source: Reuters - 🏆 2. / 97 Read more »
GE to Sell Roughly $4 Billion Stake in Baker HughesGeneral Electric plans to sell up to 20% of its majority holding in oil services company Baker Hughes, providing around $4 billion in cash for the struggling conglomerate. Unfortunately it is basically following sears model of winding things down. Most people underestimate ge has a huge problem with its pensioners. Going to bleed the co dry. Fire Sale still on. राधास्वामीपंथ_का_खुलासा राधा स्वामी पंथ वाले कहते हैं सतलोक में जाकर ऐसे समाजाना है जैसे बूंद समुंदर तो आप शिक्षित समाज ही बताओ वहां क्या डूब के मरना है अगर कोई कहे तो वह परमात्मा है वह अच्छि जगह है रहने के लिए खाने के लिए चीजें है तो दिल भि करे जाने को
Source: WSJ - 🏆 98. / 63 Read more »
U.S. oil drillers cut rigs for first week in three: Baker HughesU.S. energy firms this week cut oil rigs for the first time in the three weeks a... Hopefully not due to a lull in prices before a big ‘gouge’ storm ... Why? Ask Trump.
Source: Reuters - 🏆 2. / 97 Read more »
U.S. oil drillers cut rigs for second week in a row: Baker HughesU.S. energy firms cut oil rigs for a second week in a row this week, prolonging ... maybe OPEC incresed production instead of decreasing it . Tired of these guys rigging prices
Source: Reuters - 🏆 2. / 97 Read more »
U.S. drillers add oil rigs for first week in three: Baker HughesU.S. energy firms added oil rigs for the first time in the past three weeks desp...
Source: Reuters - 🏆 2. / 97 Read more »
U.S. drillers add oil rigs for second week in a row: Baker HughesU.S. energy firms added oil rigs for a second week in a row even as oil prices f... 🙁
Source: Reuters - 🏆 2. / 97 Read more »