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General Electric Affirms Commitment to Baker Hughes, Shares Rise

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 Shares of General Electric Co’s Baker Hughes  rose today after the parent company said it wouldn't shed its holdings in the oilfield services business before the expiration of a two-year lockup period. Obviously GE reverse an earlier stance about shedding its Baker Hughes holdings to refocus its business and boost cash flows. 

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GE changed its direction and reconsidered a business move. Back-pedaling pays off. 
 

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Baker Hughes may be doing well, but GE isn't looking so hot

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