Jeff Immelt, chairman and CEO of GE, said the company's deal with Baker Hughes remains on track.
"We expect the deal to close in mid-2017,"
"We are executing a $2 billion cost out program over 2017 and 2018 to deliver more value to our customers, shareowners, and employees," he said in a statement Friday.
Q1 '17 revenue - Oil and Gas fell 9% to $3Bil
so..ears to the ground.. heads rolling soon