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Halliburton Boosts Asset Sales in Push for Baker Hughes Deal

  • Oil market downturn is creating industry gridlock: Lesar
  • Company posted $29 million loss in the fourth quarter
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Halliburton Swings to a Fourth-Quarter Loss of $28M

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Halliburton Co. said it expanded its list of assets to sell as it tries to convince antitrust authorities around the world that its purchase of rival Baker Hughes Inc. won’t impede competition.

The Houston-based oilfield services company said it presented its new plan to the U.S. Justice Department earlier this month, though it had not disclosed which new assets it’s planning to divest.