GE to merge oil unit with Baker Hughes to create service giant
Companies argue deal predicated on return of oil to $60 a barrel combines two complementary businesses
Losses at world’s biggest fracking provider Halliburton
Underlying operating profits from North America plunge 86 per cent to $458m
Halliburton profit beats estimates as costs cuts pay off
The oilfield services provider says it is ‘fully committed’ to completing takeover of Baker Hughes
Schlumberger cuts 9,000 jobs in face of slide in crude oil prices
Schlumberger sees opportunity to increase market share after rivals Baker Hughes and Halliburton agreed to merge last year
Halliburton to buy Baker Hughes for about $35bn
Multinational to pay $3.5bn to Baker Hughes if deal is not approved by regulators but Halliburton expressed confidence that the deal would clear regulatory hurdles. Baker Hughes shares were trading at $65.40.
Euro-zone economy grows 0.2%
Virgin America soars in US as CRH, Smurfit Kappa, Ryanair and FBD fall in Dublin
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