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Halliburton needed to be bigger, stronger: CEO

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Halliburton's decision to purchase rival oilfield services company Baker Hughes was not driven by current low oil prices but by current conditions in the industry, said CEO Dave Lesar on Tuesday.

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Malaysia Airlines cuts 6,000 jobs

Malaysia Airlines is to slash its staff numbers by a third, cutting 6,000 jobs, after the airline suffered the two worst disasters in modern aviation only five months apart.

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