Baker Hughes posts $417 million loss as it prepares for GE merger

January 26, 2017 / By Surprise Valley Resources

Baker Hughes reported it lost $417 million during the final quarter of 2016 as it preps for its merger with General Electric this coming spring. The Houston-based oilfield services giant’s quarter compares to a larger loss of more than $1 billion during the fourth quarter of 2015. However, Baker Hughes’ quarterly revenues fell nearly 30 …
Source: FuelFix