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Published on Oct 31, 2016
Baker
Hughes and General Electric have entered into an agreement to combine
GE's oil and gas business with Baker Hughes. The $30 billion deal
creates and energy powerhouse with an estimated $25 billion in revenue,
according to the Wall Street Journal. The combined company could cut
costs to better compete with rivals such as Schlumberger to provide
equipment to oil rigs and wells. Honda is boosting its profit forecast
as SUVs lead a sales surge. It says sales in China were especially
strong, which is Honda's second largest market. Honda boosted deliveries
of the Vezel and XR-V models each by more than 50%. Tesla CEO Elon Musk
unveiled new solar roof tiles for the home. They are made of glass. The
tiles look like current roofing materials and style and Musk says they
will be prices competitively with current roofing systems.
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