outbid

General Electric Has Spent Over $7 Billion On The Oil Service Sector

Published on Mon, 02/14/2011 - 16:25
By Stephanie Shyu in General Interest, NYSE:GE, NYSE:HAL, business, buy, comtex, general electric, halliburton, john wood group, market, news, nyse:ge, nyse:hal, oil, outbid, shares, stock, trade, update, News Update

The company reportedly outbid Halliburton (NYSE:HAL), as well as others, with a $2.8 billion price for the John Wood unit.

General Electric has a potential upside of 4.8% based on a current price of $21.51 and an average consensus analyst price target of $22.54."

business, buy, comtex, general electric, halliburton, john wood group, market, news, nyse:ge, nyse:hal, oil, outbid, shares, stock, trade, update

"General Electric's (NYSE:GE) plan to buy the well support unit of John Wood Group brings its total spending on the oil service sector to over $7 billion in the last five months.

By Stephanie Shyu
sshyu@fnno.com

Latest News from FNNO

Arbitron Earnings In Retrospect: Up 0.0%...

18 days ago, on May 7th, 2013, Arbitron (NYSE:ARB) reported its earnings. Analysts, on ...

Chiquita Brands International Earnings I...

Two weeks ago on May 7th, 2013 Chiquita Brands International (NYSE:CQB) reported earnin ...

The Williams Cos Earnings Review: 18 Day...

When The Williams Cos (NYSE:WMB) reported earnings 18 days ago on May 7th, 2013, analys ...

Granite Construction Earnings Review: 16...

When Granite Construction (NYSE:GVA) reported earnings 16 days ago on May 9th, 2013, an ...

Earnings Flashback: Since Reporting Quar...

Two weeks ago on May 7th, 2013 DaVita (NYSE:DVA) reported earnings and analysts, on ave ...

Earnings Look Back: ProAssurance Is Up 2...

19 days ago, on May 6th, 2013, ProAssurance (NYSE:PRA) reported its earnings. Analysts ...

Post Earnings Update: Apache Has Climbed...

Two weeks ago on May 9th, 2013 Apache (NYSE:APA) reported earnings and analysts, on ave ...

Global Cash Access Holdings Earnings In ...

When Global Cash Access Holdings (NYSE:GCA) reported earnings two weeks ago on May 7th, ...

Most Popular Video News

  •
    01:10 PM MIDWEEK MARKET WRAP UP:New Report Expected to Shakeup Libor

    From FNNO.com, this is the Financial News Network. I’m Cleo
    Stiller-Farrell and this is your Midweek Market Wrap Up. The British
    Bankers’ Association, which has the supervisory role of setting the
    influential Libor rates, announced that it would be willing to give up
    its...

    +
  • 11:04 AM What's in the News for September 26, 2012

    The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...

    +
  • 11:04 AM Yahoo Makes Ken Goldman New CFO

    CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.

    Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...

    +
More