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Stock Market & Financial Investment News

News Breaks
December 14, 2012
13:12 EDTBHIBaker Hughes reports U.S. rig count down 1 to 1799
Baker Hughes said the U.S. rig count is down 1 rig from last week at 1799, with oil rigs down 1, gas rigs down 1 and miscellaneous rigs up 1. The U.S. rig count is down 220 rigs from last year, with oil rigs up 185, gas rigs down 402 and miscellaneous rigs down 3.
News For BHI From The Last 14 Days
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August 3, 2015
06:14 EDTBHIEU regulators suspend review of Halliburton's proposed deal for Baker Hughes
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August 2, 2015
20:43 EDTBHIHalliburton certifies compliance with DoJ second request in Baker Hughes merger
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July 31, 2015
13:04 EDTBHIBaker Hughes reports U.S. rig count down 2 to 874 rigs
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July 27, 2015
06:20 EDTBHIU.S. oil firms preparing for extended job cuts, WSJ reports
U.S. energy companies intend to cut more jobs, sell more assets, and engage in more financial maneuvers to deal with the recent drop in U.S. crude-oil prices to below $50 a barrel, the Wall Street Journal reports. Companies have started to warn that more layoffs will come, particularly Halliburton (HAL) and Baker Hughes (BHI), who disclosed last week that they had cut 27,000 jobs between them, the report says. Job cuts for the industry are beginning to extend to engineers and scientists, the report adds. Publicly traded companies in oil industry include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Other publicly traded companies in the space include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
July 24, 2015
13:03 EDTBHIBaker Hughes reports U.S. rig count up 19 to 876
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July 23, 2015
10:29 EDTBHIHalliburton rises after analysts downplay antitrust concerns
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08:32 EDTBHIMorgan Stanley says Halliburton antitrust story mostly noise
Morgan Stanley analyst Ole Slorer views yesterday's Bloomberg article suggesting Halliburton's (HAL) acquisition of Baker Hughes (BHI) faces antitrust hurdles in the U.S. as mostly noise. Slorer spoke with an antitrust expert and concluded the article summarized well known facts and came away with a more constructive view of the deal. The analyst said Halliburton's "exceptionally diligent" handling of the transaction has minimized risks. Slorer's team raised Halliburton's price target to $62 from $60 and Baker Hughes' to $88 from $86 and maintains Overweight ratings on both stocks.
07:08 EDTBHIDeutsche sees little new in Bloomberg story on Halliburton
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July 22, 2015
13:46 EDTBHIBaker Hughes options active on Halliburton antitrust merger concerns
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13:14 EDTBHIBaker Hughes weakness a buying opportunity, says Evercore ISI
Evercore ISI said Baker Hughes (BHI) weakness is a buying opportunity and noted Halliburton (HAL) said it would sell any and all assets to get the deal done, ex-strategic items.
13:03 EDTBHIHalliburton sinks on antitrust concerns after Citi's 90% call
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12:42 EDTBHIHalliburton-Baker Hughes deal to face antitrust hurdle in U.S., Bloomberg says
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12:19 EDTBHIBaker Hughes drops 5% after Bloomberg says DOJ scrutinizing Halliburton deal
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12:17 EDTBHIHalliburton-Baker Hughes deal to face antitrust hurdle in U.S., Bloomberg says
09:35 EDTBHIBaker Hughes results suggest prolong recovery, says Susquehanna
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