Halliburton needed to be bigger, stronger: CEO

Big Burger

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.


Axe In Wood

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.