Baker Hughes books loss in second quarter

Oilfield services company Baker Hughes, a GE company, recorded a net loss during the second quarter of 2018 while its revenues were up by 2 percent. 

Baker Hughes, which completed its merger with GE’s Oil & Gas division in July 2017, on Friday said that its orders for the second quarter of 2017 were $6 billion, up 15% sequentially and up 9% year-over-year on a combined business basis when its combined orders amounted to $5.6 billion.

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