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Baker Hughes

US: GE to sell millions of Baker Hughes shares

General Electric is looking to raise up to US$3 billion in sale of majority-owned shares, resulting in a reduction of the US industrial conglomerate’s...

EU: EC fines General Electric in LM Wind merger case

The European Union announced Monday, April 8, it has fined US engineering giant General Electric €52 million (US$58.6 million) for providing incorrect information during...

US: GE Transportation merges with Wabtec in US$11.1b deal

General Electric confirmed on Monday, May 21, it was unloading the bulk of its transportation business which makes train engines to Wabtec, a US...

US: GE to pay DoJ over delayed Baker Hughes divestiture

The US Department of Justice has announced that General Electric has agreed to make incentive payments beginning in 2018 until the energy giant completes...