I hear that layoffs already started today at north belt campus. A very small number so far. 2016 will be another though year for the oil & gas industry.
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Sperry is no longer relevant. Rumors suggest that they will be sold to McDonalds no later than Q7 of 2019. Sperry management already being fitted for hats. Hats to be distributed to workers on an as needed basis.
Is sperry even relevant any longer?
HQ probably moving to Singapore anyway so doesn't really matter
Mrkts and cost per barrel still tanking, takeover errrrr merger still foundering, who is the rumored buyer today? Buyer du'jour. yeah we be sitting in a boat of sticks and hey with a skipper who won't say he dropped the oar.
Ain't that how we all do it, we move our unwanted crap out of the house, push it out of sight into the garage before finally selling it off cheap, donating it or putting it out to the curb.
I hadn't heard this, what department?
Meanwhile, Sperry is packed nuts to butts at Interwood. Pretty shabby digs compared to ol' North Belt. Oh well, at least we are well protected, since we are part of the divested stuff. Might work out better for those getting sold off in the end.
It's funny to see all the people laughing and smiling at NB at lunch, they're all f---ed. The. Again, most are consultants these days Nd they won't lose their job this year, just move on to the next deal in another industry. No wonder they are so happy.
December was a tough month for Baker Hughes investors after the market grew increasingly concerned that its pending merger with Halliburton wouldn't be approved by regulators. Crude oil prices also didn't help matters after the global oil benchmark price slid another 16% to just more than $37 per barrel. Combined, these two weights sent Baker Hughes' stock price down 15.7% last month.
Baker Hughes and Halliburton are facing a tough sell, which is only getting tougher given the continued drop in the price of crude, and its impact on their weaker rivals. The whole situation is creating a lot of uncertainty, which will continue to weigh on the stock until a final conclusion is reached.
Too edgy