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  • GE
    Reuters5 minutes ago

    Baker Hughes revenue falls 15 pct on lower offshore spending

    Baker Hughes Inc posted a 15 percent slide in revenue, in contrast to rivals Schlumberger and Halliburton Co, as sluggish activity offshore U.S. Gulf Coast dampened gains from increased drilling on the U.S. shale patch. The oilfield services provider on Tuesday reported a bigger-than-expected loss and said growth in its well construction business onshore North America was more than offset by increased competition for pressure pumping services and reduced customer spending in the Gulf of Mexico. Spending on capital-intensive and time-consuming offshore projects has remained sluggish at a time when shale producers have ramped up investments to take advantage of oil prices stabilizing at over $50 per barrel.

  • AAPL
    Forbes16 minutes ago

    'Pokémon GO' Will Also Rule Summer 2017 Because It Still Has No Real Competition

    Pokemon GO ruled the world in summer 2016, but it might be able to do the same this year with Legendary events and no real competition to speak of.

  • Thyssenkrupp plans to open 3D printing center this year
    Reuters25 minutes ago

    Thyssenkrupp plans to open 3D printing center this year

    German industrial group Thyssenkrupp plans to open its own 3D printing center this year to manufacture products for its customers, a company executive said on Tuesday. As well as producing steel, submarines and elevators, Thyssenkrupp supplies thousands of tonnes of metal and plastic products and provides supply-chain management services to a quarter of a million customers worldwide. Some industrial components such as airline or wind-turbine parts can now be made by 3D printing, or additive manufacturing, in which objects are printed in layers directly from a computer design instead of being cut out of blocks of material.