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Showing results for Baker Hughes Inc a G E Co
...On Friday, the number of onshore rigs fell again, according to Baker Hughes — marking the biggest monthly drop since June 2020, when oil prices were crashing and producers were forced to shut wells, slash...
...Russia’s invasion of Ukraine in February forced companies, investors and governments to wrestle with developments that at times appeared to pit the E, the S and the G of environmental, social and governance...
...Greg Jensen, co-chief investment officer, said: “We’re in a radically different world.”...
...A version of this article was first published by Nikkei Asia on September 12, 2021. ©2021 Nikkei Inc. All rights reserved....
...Baker Hughes took a 5 per cent stake in Adnoc’s drilling unit....
...’ thinking about the “G” in ESG has changed since the once theoretical risk of a pandemic became reality....
...Hughes stake within 3 years to bolster balance sheet (FT) China Three Gorges mulls $4bn stake sale in overseas unit (BBG) Santander slumps to €11bn loss after writedowns (FT) GE to sell Baker Hughes...
...The theme of analysts’ questions in the Baker Hughes and Halliburton earnings calls this week was telling: how could oilfield services cope with such tumult?...
...Fellow services groups Baker Hughes and Schlumberger report tomorrow and Friday....
...WeWork has named former Baker Hughes executive Kimberly Ross as its CFO. China’s leading online retailer JD.com said its long-serving CFO Sidney Huang would retire....
...Key downside risks: prolonged downturn; deteriorating EM FX; a longer-term change in consumer habits (e.g. less on-premise consumption)....
...We cross-check our PT with a 2024E P/E multiple discounted to present value; our PT would imply a 15x P/E multiple vs 23.0x developed Sx pharma 12m forward P/E average....
...McColl’s, Ted Baker and Works are its retail M&A target picks, with “perpetual bridesmaid” 888 Holdings flagged in the leisure sector. Phew....
...Acquiring Hughes does not resolve the fundamental management issues that place GM at a competitive disadvantage....
...“I don’t think the rapid expansion of [venture capital] is necessarily going to reverse the overall trend of delistings,” said Min-tze Lean, a lawyer with Baker McKenzie Wong & Leow....
...G deal....
...“This company makes a lot of sense,” said Thomas G Tsao, co-founder of Gobi Partners, an Asian venture capital company and early investor in Airwallex....
...Baker Hughes, the energy services arm of General Electric, also on Monday agreed to pay $550m for a 5 per cent stake in the drilling division of Abu Dhabi’s state oil company, marking the first time the...
...Hughes....
...But, unlike reflux, which is usually benign, the reappointment of a former leader is a signal that problems were bubbling below the surface. It should normally only be attempted as a last resort....
...Last week, the company took a major step towards slimming down when it announced it would spin off two of its largest divisions — its healthcare division and its stake in Baker Hughes, the oil services company...
...Onwards:A buyout fund just bought company E, a terrific company, for 15x ebitda, a very high “headline figure.”...
...The spin-offs of healthcare and Baker Hughes are the ultimate conclusions of that strategy....
...Baker Hughes, General Electric’s affiliate that provides products and services for the oil and gas industry, is supplying equipment for the expansion at Corpus Christi, and hoping for more orders....
...By liquidating and not replenishing these assets (e.g., keeping the acquired business’s inventories at a lower level), you can show an unsustainable benefit to cash flow. Brilliant!...
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