Business News Roundup, Nov. 1
General Electric said Monday that it would combine its oil and gas business with Baker Hughes, looking to increase its scale to battle the effects of a prolonged slump in oil prices that has eaten into results and prompted job cuts across the petroleum sector. The new company, which GE referred to as the “new” Baker Hughes, would be one of the world’s largest providers of equipment, technology and services to the oil and gas industry. Oversupply in the oil industry has sapped prices in the past two years... Читать дальше...