Baker Hughes Profit to Fall on Mideast Unrest, Weather
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Baker Hughes Inc., the world’s third-largest oilfield services provider, expects profit to fall by 4 cents to 7 cents in the first quarter because of disruptions from unrest in the Middle East and colder weather in North America.
All customer activity in Libya has ceased, and normal operations have resumed in Tunisia and Egypt, the Houston-based company said today in a U.S. Securities and Exchange Commission filing.