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Report: U.S. Department Of Justice Giving Halliburton 'Trouble' Over Proposed Baker Hughes Acquisition
Monday, February 29, 2016 - 8:52am | 201Read More...Halliburton Company (NYSE: HAL)'s $35 billion proposed takeover of Baker Hughes Incorporated (NYSE: BHI) has reached a "breaking point." The New York Post, citing its "sources," stated that the U.S. Department of Justice is looking for Halliburton to sell additional...
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Halliburton & Baker Hughes Failed To Provide European Regulators With Requested Information, Final Decision On Merger Will Be Extended
Monday, February 22, 2016 - 10:32am | 198Read More...European Union regulators decided on Thursday to delay the approval process of Halliburton Company (NYSE: HAL)'s merger with Baker Hughes Incorporated (NYSE: BHI), according to Reuters. Reuters reported that both Halliburton and Baker Hughes failed to provide requested details to the...
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Report: Halliburton Plans On Selling Baker Hughes' Offshore Fluids Unit
Tuesday, February 9, 2016 - 3:18pm | 159Read More...According to Bloomberg, Halliburton Company (NYSE: HAL) plans on selling Baker Hughes Incorporated (NYSE: BHI)'s offshore drilling and completions fluids division and the bulk of its completion systems to appease antitrust regulators who have yet to sign off on the $35 billion mega merger....
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How Much Upside Will Baker Hughes Buyout Give Halliburton?
Monday, September 28, 2015 - 11:57am | 393Read More...Halliburton Company (NYSE: HAL)'s merger with Baker Hughes Incorporated (NYSE: BHI) could be 20 percent accretive to Halliburton's 2018 earnings, according to Sean Meakim of JP Morgan. Meakim added the merger could yield a valuation range for Halliburton in the $55-$60 range....
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What Wall Street Is Saying About Halliburton
Tuesday, April 21, 2015 - 8:46am | 340Read More...Halliburton Company (NYSE: HAL) on Monday reported its first quarter results in which both earnings per share and revenue were reported higher than analysts expected. Bank Of America: Onshore Recovery, Long-Term Benefits In a report published Monday, Bank of America analyst Douglas Becker...
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Stephens Says Baker Hughes' Deal Structure With Halliburton Provides Downside Protection, Long-Term Upside
Wednesday, April 8, 2015 - 11:35am | 218Read More...In a report published Wednesday, Stephens analyst Matthew Marletta initiated coverage of Baker Hughes Incorporated (NYSE: BHI) with an Overweight rating and $76 price target given a degree of protection and insulation from a volatile marketplace. Marletta said that the structure of the acquisition...
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Earnings Expectations For The Week Of January 19
Monday, January 19, 2015 - 4:07pm | 929Read More...After a quick breather on Monday, the earnings season that's just begun is off to the races the rest of the week. Among the flurry of quarterly reports include results from eBay Inc (NASDAQ: EBAY), General Electric Company (NYSE: GE), Halliburton Company (NYSE: HAL), Kinder Morgan Inc...
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Markets Inch Higher Following Encouraging Beige Book Commentary
Wednesday, December 3, 2014 - 6:11pm | 923Read More...U.S. stocks were mostly higher as the Dow and S&P 500 closed the day at record highs. The Fed's Beige book contained positive commentary on improved employment with “widespread” gains across all 12 districts. Manufacturing activity improved in most districts along with...
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Dow, S&P 500 Add To Gains Following Encouraging International News
Tuesday, November 18, 2014 - 6:02pm | 1050Read More...U.S. stocks rose on Tuesday, lifting the Dow and S&P 500 to new all-time highs as investors found positives in data releases, including the NAHB Housing Market Index, which rose more than expected. In Europe, German investor confidence saw the largest increase in 11 months while European...
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Halliburton CEO On Baker Hughes Merger: 'The Feedback Has Been Unanimous, It Has Been Positive'
Tuesday, November 18, 2014 - 1:46pm | 235Read More...While Baker Hughes Incorporated (NYSE: BHI) stock skyrocketed on Monday when the news of its acquisition from Halliburton Company (NYSE: HAL) became public, Halliburton stock slumped. The company's CEO, David Lesar, was on CNBC Tuesday to answer questions surrounding the deal. “We...
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Morgan Stanley Says Schlumberger Likely To Remain Industry Leader Following Halliburton-Baker Hughes Deal
Tuesday, November 18, 2014 - 9:20am | 197Read More...Following Halliburton Company's (NYSE: HAL) acquisition of Baker Hughes Incorporated (NYSE: BHI) on Monday, Ole Slorer of Morgan Stanley commented that the deal may still not be enough to become an industry leader. According to Slorer, the cost to acquire Baker Hughes represents a "steep premium"...
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U.S. Markets Recover From Early-Day Losses As Japan's Economy Contracts
Monday, November 17, 2014 - 5:46pm | 862Read More...U.S. markets opened in negative territory to start the week following news reports that Japan's economy unexpectedly contracted in the third quarter. U.S. stocks rebounded after the European Central Bank's President Mario Draghi stating that the central bank remains "unanimous in...
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Wal-Mart's Earnings Help Boost Dow To New Highs
Thursday, November 13, 2014 - 5:39pm | 1092Read More...U.S. stocks were mildly higher on Thursday as major indices were little changed at the closing bell. The S&P 500 and Dow both traded at new highs following Wal-Mart Stores, Inc.'s (NYSE: WMT) premarket earnings. Data from the Labor Department showed initial claims for state...
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Credit Suisse Recommends Investments In Halliburton, Schlumberger, Baker Hughes, Weatherford International
Monday, November 10, 2014 - 9:52am | 266Read More...In a note to clients on Monday, James Wicklund of Credit Suisse explained the benefits of buying certain companies in the oil sector, despite declining oil prices. "Due to the hyperbolic decline rates of unconventional production, U.S. supply growth will slow and the back-end of the...
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IBM's Report Weighs On The Dow, Apple Helps Boost The Nasdaq, S&P 500 Extends Winning Streak
Monday, October 20, 2014 - 4:57pm | 2950Read More...U.S. stocks started the week on a positive note as all three major indices ended the day in positive territory. Dow component IBM reported a disappointing third quarter along with a cautious outlook weighing down the entire Dow index. The Nasdaq benefited from high expectations over Apple's...
