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Baker Hughes Inc

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  • Halliburton, Baker Hughes see a tough 2015 Tuesday, 20 Jan 2015 | 10:22 AM ET

    Baker Hughes and Halliburton posted better-than-expected profits, but warned that a drop in drilling due to weak oil prices would hurt results in 2015.

  • *Oil lower again; Halliburton rises after results. *FXCM shares plummet 90 percent, details loan agreement. NEW YORK, Jan 20- U.S. stocks edged lower on Tuesday after the International Monetary Fund lowered its growth forecasts for 2015 and 2016, though the move spurred hopes that central banks would take more aggressive policy stances to accelerate economic...

  • *Baker Hughes fourth-quarter adjusted profit $1.44 vs est $1.07. Jan 20- Oilfield services provider Baker Hughes Inc said it expects to lay off about 7,000 employees, days after industry leader Schlumberger Ltd said it would cut jobs as drilling activity slows due to a steep fall in oil prices. Halliburton, which is buying Baker Hughes in a near- $35 billion deal,...

  • *Oil lower again; Halliburton rises after results. *FXCM shares plummet 90 percent, details loan agreement. NEW YORK, Jan 20- U.S. stock index futures pointed to a higher open on Tuesday as lower growth forecasts from the International Monetary Fund spurred hopes that central banks would take more aggressive policy stances to accelerate economic improvement.

  • Wall Street eyes major earnings, ECB action Tuesday, 20 Jan 2015 | 8:33 AM ET
    Traders work the floor of the New York Stock Exchange.

    U.S. stock index futures signaled a higher open as investors gear up for a big day of major earnings, amid speculation that the ECB will announce QE.

  • Early movers: MS, DAL, FB, JCP, HAL, T & more Tuesday, 20 Jan 2015 | 8:13 AM ET
    Traders on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Jan 20- Oilfield service providers Baker Hughes Inc and Halliburton Co posted better-than-expected quarterly profits on resilient demand, but warned that a fall in drilling activity due to weak oil prices would hurt results in 2015.. Halliburton, which is buying Baker Hughes in a $35 billion deal, said it took a $129 million restructuring charge in the fourth...

  • HOUSTON— Shares of Halliburton rallied Tuesday after the oilfield services company reported its fourth-quarter profit rose 14 percent in a performance that exceeded Wall Street expectations. Halliburton Chairman and CEO Dave Lesar said Tuesday morning during a conference call that his company's customers have chopped their capital expenditure...

  • Strong North America demand drives Halliburton profit Tuesday, 20 Jan 2015 | 7:09 AM ET

    Jan 20- Halliburton Co, the world's No. 2 oilfield services provider, reported a 14 percent rise in fourth-quarter profit, helped by strong demand for its services in North America. Net income attributable to the company rose to $901 million, or $1.06 per share, in the quarter ended Dec. 31 from $793 million, or 93 cents per share, a year earlier. Halliburton entered a...

  • Jan 20- Baker Hughes Inc posted a better-than-expected quarterly profit on resilient demand but the oilfield services company warned that recent declines in rig counts due to low oil prices would "clearly affect" results in 2015.. The number of rigs drilling for oil in the United States fell by 55 to 1,366 last week, the second-sharpest weekly drop in 24 years,...

  • Baker Hughes tops Street 4Q forecasts Tuesday, 20 Jan 2015 | 6:15 AM ET

    HOUSTON _ Baker Hughes Inc. on Tuesday reported fourth-quarter earnings more than doubled to $663 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share. Baker Hughes shares have climbed nearly 1 percent since the beginning of the year, while the Standard& Poor's 500 index has declined roughly 2...

  • North America demand boosts Baker Hughes profit Tuesday, 20 Jan 2015 | 6:12 AM ET

    Jan 20- Baker Hughes Inc's fourth-quarter profit more than doubled on Tuesday, driven by strong demand from North America. Net income attributable to the company rose to $663 million, or $1.52 per share, in the quarter ended Dec. 31, from $248 million, or 56 cents per share, a year earlier. Baker Hughes said in November it would be bought by bigger rival Halliburton Co in...

  • Wall Street eyes major earnings, ECB action Tuesday, 20 Jan 2015 | 6:00 AM ET
    Traders work the floor of the New York Stock Exchange.

    U.S. stock index futures signaled a higher open as investors gear up for a big day of major earnings, amid speculation that the ECB will announce QE.

  • TOKYO, Jan 20- U.S. crude futures were little changed on Tuesday, holding below $48 a barrel, as the market awaited data expected to show a slowdown in the world's second-biggest economy China. *NYMEX crude for February delivery was down $1.11 at $47.58 a barrel by 2348 GMT, little changed from late trading on Monday. *Iran's oil minister said on Monday that...

  • Global forces threaten corporate America Monday, 19 Jan 2015 | 5:00 PM ET
    Traders on the floor of the New York Stock Exchange.

    Investors must now answer a serious question plaguing markets: How long can America continue to shine in a dull world?

  • *China faces significant downward pressure on economy- Premier. *Iraq announces record oil production for December. Jan 19- Brent crude oil prices fell below $49 a barrel and U.S. crude also fell more than $1 on Monday after the global economic outlook darkened and Iraq announced record oil production.

  • *China faces significant downward pressure on economy- Premier. *Iraq announces record oil production for December. Jan 19- Brent crude oil prices fell below $49 a barrel and U.S. crude also fell more than $1 on Monday after the global economic outlook darkened and Iraq announced record oil production.

  • Apache Corp., Baker Hughes and Schlumberger have begun laying off employees in response to the oil price crash in the past six months, The Tulsa World reported Saturday. Apache's job cuts will likely impact several hundred employees of the Houston- based oil and gas producer, which is one of the nation's bigger independent firms. But she would not specify how many...

  • In a stark sign of how a sudden, 60 percent drop in oil prices is biting, oil services giant Schlumberger Ltd on Thursday said it will reduce spending this year by 25 percent and fire 9,000 workers worldwide, surprising investors with the size of the cuts. "There is total chaos and uncertainty and it is impacting the whole ecosystem," said Aamer Sarfraz, chief...

  • In a stark sign of how a sudden, 60 percent drop in oil prices is biting, oil services giant Schlumberger Ltd on Thursday said it will reduce spending this year by 25 percent and fire 9,000 workers worldwide, surprising investors with the size of the cuts. "There is total chaos and uncertainty and it is impacting the whole ecosystem," said Aamer Sarfraz, chief...