Red ink for Baker Hughes in 4Q

Oilfield services provider Baker Hughes, a GE company, has recorded a loss for the fourth quarter of 2017, the company said on Wednesday in its second quarterly report following a merger with GE’s oil and gas unit. 

Baker Hughes’ orders of $5.8 billion for the fourth quarter 2017 were up 1% sequentially and down 2% year-over-year on a combined business basis.

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