General Electric Affirms Commitment to Baker Hughes, Shares Rise

[Adam Varga + 123]

 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. 

[Selva + 252]

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

[Rodent + 1,424]

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