Ge and baker hughes latest news

Here are the latest news and updates from GE and Baker Hughes:

General Electric (GE)

  1. GE to spin off healthcare business: In January 2022, GE announced plans to spin off its healthcare business, GE Healthcare, into a separate publicly traded company. The spin-off is expected to be completed in 2023.
  2. GE to sell stake in Baker Hughes: In February 2022, GE announced that it would sell a 19.9% stake in Baker Hughes, its oilfield services joint venture with Halliburton, to the public through an initial public offering (IPO).
  3. GE's aviation business sees strong demand: In January 2022, GE's aviation business reported strong demand for its aircraft engines and services, driven by the recovery in air travel demand.
  4. GE's renewable energy business grows: In December 2021, GE announced that its renewable energy business had grown 15% year-over-year, driven by demand for wind and solar power solutions.

Baker Hughes

  1. Baker Hughes to go public: In February 2022, Baker Hughes announced plans to go public through an IPO, which is expected to raise around $4 billion.
  2. Baker Hughes reports strong Q4 results: In January 2022, Baker Hughes reported strong Q4 results, with revenue up 14% year-over-year and adjusted earnings per share up 23%.
  3. Baker Hughes wins major contract in Saudi Arabia: In December 2021, Baker Hughes announced that it had won a major contract from Saudi Aramco to provide drilling and completion services for the company's oil and gas operations.
  4. Baker Hughes expands digital offerings: In November 2021, Baker Hughes announced the launch of a new digital platform, Baker Hughes Velocity, which provides real-time data and analytics to help oil and gas operators optimize their operations.

Please note that these news updates are subject to change and may not reflect the companies' current situation.