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Stock Market & Financial Investment News

News Breaks
January 8, 2014
06:07 EDTBHIBaker Hughes reports Dec. international rig count up 24 to 1,335
Baker Hughes announced that the international rig count for December 2013 was 1,335, up 24 from the 1,311 counted in November 2013, and up 82 from the 1,253 counted in December 2012. The international offshore rig count for December 2013 was 306, down 10 from the 316 counted in November 2013, and up 7 from the 299 counted in December 2012. The average U.S. rig count for December 2013 was 1,771, up 15 from the 1,756 counted in November 2013, and down 13 from the 1,784 counted in December 2012. The average Canadian rig count for December 2013 was 372, down 13 from the 385 counted in November 2013, and up 19 from the 353 counted in December 2012. The worldwide rig count for December 2013 was 3,478, up 26 from the 3,452 counted in November 2013, and up 88 from the 3,390 counted in December 2012.
News For BHI From The Last 14 Days
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April 22, 2014
10:00 EDTBHIOn The Fly: Analyst Upgrade Summary
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08:42 EDTBHIBaker Hughes upgraded to Buy from Neutral at Global Hunter
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07:08 EDTBHIBaker Hughes and Aker Solutions form alliance
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April 21, 2014
11:53 EDTBHIHalliburton hits 52-week high after results top expectations
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08:28 EDTBHIBaker Hughes price target raised to $80 from $62 at BMO Capital
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April 17, 2014
13:04 EDTBHIBaker Hughes reports U.S. rig count unchanged at 1,831
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12:53 EDTBHIOn The Fly: Midday Wrap
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08:58 EDTBHIOn The Fly: Pre-market movers
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06:33 EDTBHIBaker Hughes reports Q1 adjusted EPS 84c, consensus 78c
Reports Q1 revenue $5.73B, consensus $5.71B. Martin Craighead, Baker Hughes chairman and CEO stated, "This quarter we delivered an increase in profit margins and earnings. Our performance is the result of actions to optimize operational efficiency, along with increasing demand for several innovative new product offerings. The benefit of these actions can be seen in our North America operations this quarter. On an adjusted basis, this segment delivered 200 basis points of margin improvement, despite a drop in well count caused by poor weather in the Rockies and northeast U.S. Outside of North America, our operations experienced the typical seasonal decline in product sales to start the year, along with severe weather conditions in the North Sea and Russia, leading to a 5% sequential drop in revenue for our international business. However, resumption of our activity in Iraq, along with increased demand for high technology services in Africa, the Middle East, and Asia Pacific, led to a 6% sequential increase in international adjusted operating profit."
April 11, 2014
13:03 EDTBHIBaker Hughes reports U.S. rig count up 13 to 1831
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06:01 EDTBHIBaker Hughes reports Q1 well count increases Q4 YoY
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