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General Electric completes reduction of ownership in Baker Hughes, netting $2.7B

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallSep 11th, 2019

GE begins divestment of Baker Hughes with $2.7 billion share sale

General Electric Co (GE) on Wednesday said it plans to reduce its ownership in oil and gas company Baker Hughes A GE Co to 38.4% from 50.4% at June-end, and aims to raise $2.7 billion in the process......»»

Category: topSource: reutersSep 11th, 2019

GE to divest healthcare unit: WSJ

(Reuters) - General Electric Co plans to spin off its healthcare business and unload ownership in its oil services company Baker Hughes, the Wall Street Journal reported on Tuesday, citing people familiar with the matter......»»

Category: topSource: reutersJun 26th, 2018

GE to Spin Off Health-Care Business in Latest Revamp

General Electric will spin off its health-care business and unload its ownership in oil-services company Baker Hughes, betting that the once-sprawling conglomerate can reverse a painful slump by further shrinking......»»

Category: smallbizSource: wsjJun 26th, 2018

GE Narrows Focus to Power, Aviation in Latest Revamp

General Electric will spin off its health-care business and unload its ownership in oil-services company Baker Hughes, betting that the once-sprawling conglomerate can reverse a painful slump by further shrinking......»»

Category: smallbizSource: wsjJun 26th, 2018

GE and Baker Hughes amend agreements, including reduced BHGE payments to GE over time

Baker Hughes, a GE company and General Electric Co. announced Tuesday a number of long-term agreements, including a reduction in Baker Hughes payments.....»»

Category: topSource: marketwatchNov 13th, 2018

GE closes Baker Hughes sale, reaps billions in proceeds

General Electric Co. closed its sale of interest in Houston-based Baker Hughes, a GE Company, on Sept. 16. The deal drew about $3 billion in net proceeds to Boston-based GE (NYSE: GE), the parent of GE Healthcare, after the underwriters fully exer.....»»

Category: topSource: bizjournalsSep 16th, 2019

GE upsizes multibillion-dollar Baker Hughes stock sale

General Electric Co. (NYSE: GE) has increased the size of its impending sale of stock in Baker Hughes, a GE Company (NYSE: BHGE). The company now wants to sell 115 million shares of the oil field services company, up from 105 million shares, Boston.....»»

Category: topSource: bizjournalsSep 12th, 2019

Grand jury indicts GE"s Baker Hughes for exposing workers to toxic chemicals

A grand jury in Alaska this week indicted General Electric's Baker Hughes , two of its subsidiaries and an employee, for 25 felony charges of assault relating to toxic chemical releases at a construction site, according to authorities......»»

Category: topSource: reutersSep 12th, 2019

General Electric to shed controlling interest in Baker Hughes

Late Tuesday afternoon, Baker Hughes announced a secondary offering of 105 million shares of Class A common stock......»»

Category: topSource: moneycentralSep 11th, 2019

General Electric to Shed Controlling Interest in Baker Hughes

Late Tuesday afternoon, Baker Hughes announced a secondary offering of 105 million shares of Class A common stock. All the shares are being sold by General Electric......»»

Category: blogSource: 247wallstSep 11th, 2019

Baker Hughes to repurchase $250M of stock from General Electric

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallSep 11th, 2019

GE to sell out of majority control over Baker Hughes

Houston-based Baker Hughes, a GE Company (NYSE: GE), might not be a GE company much longer — its parent, General Electric Co. (NYSE: BHGE), is selling off 105 million shares of its Class A common stock through underwriters. Immediately after that o.....»»

Category: topSource: bizjournalsSep 10th, 2019

Baker Hughes says GE"s presence on its board to shrink

Baker Hughes said on Tuesday it would repurchase $250 million worth of its stock from General Electric Co and the industrial conglomerate's presence in the oilfield services company's board would shrink to one from five......»»

Category: topSource: reutersSep 10th, 2019

GE to sell millions of Baker Hughes shares, no longer have majority control

General Electric Co. plans to sell millions of shares in spinoff Baker Hughes , and will no longer control the majority of shares in the company. Baker Hughes said in an announcement Tuesday afternoon that GE and other affiliates plan to sell 105 m.....»»

Category: topSource: marketwatchSep 10th, 2019

General Electric issues expanded response about fraud allegations, financial reporting

GE addressed follow-up questions about its long-term care insurance and Baker Hughes units after a report alleged the company was masking the depths of its financial troubles......»»

Category: topSource: washpostAug 19th, 2019

GE"s Baker Hughes beats estimates on international demand, LNG drilling

General Electric Co's oilfield services arm, Baker Hughes, beat quarterly profit estimates on Wednesday, driven by higher LNG drilling and demand for its oilfield services in international markets, sending its shares up nearly 6%......»»

Category: topSource: reutersJul 31st, 2019

Baker Hughes beats estimates on international demand, LNG activity

General Electric Co's oilfield services arm, Baker Hughes, reported a better-than-expected profit, helped by higher LNG markets activity and a rise in international demand for oilfield services, sending its shares up more than 5%......»»

Category: topSource: reutersJul 31st, 2019

Baker Hughes profit beats on higher international demand, LNG activity

Baker Hughes, General Electric Co's oilfield services arm, reported a better-than-expected quarterly profit on Wednesday, helped by higher activity in LNG markets and rise in international demand for oilfield services......»»

Category: topSource: reutersJul 31st, 2019

Baker Hughes: General Electric Overhang Is Too Risky To Ignore

Baker Hughes: General Electric Overhang Is Too Risky To Ignore.....»»

Category: topSource: seekingalphaJul 15th, 2019

Baker Hughes General Electric: Leveraging Technology For Growth

Baker Hughes General Electric: Leveraging Technology For Growth.....»»

Category: topSource: seekingalphaMay 22nd, 2019