Below are interesting stories concerning our industries, manufacturing, and our region.
GE’s Oil, Gas Business To Merge With Baker Hughes
The New York Times (10/31, Bray, Subscription Publication) reports 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.” GE referred to t...
Baker Hughes: US Drillers Add Four Rigs This Week With Oil Over $50 Per Barrel
Reuters (10/14, DiSavino) reported the number of US oil rigs rose again this week, “extending one of its best recoveries with no cuts for 16 straight weeks, with analysts expecting more additions as crude prices hold over $50 a barrel.” Drillers added four oil rigs in the week, bringing the coun...