General Electric recently made a huge bet on shale, buying an oil and gas equipment company called Lufkin Industries for $3.3 billion. The purchase will boost GE's portfolio of U.S. energy businesses. Shares of both Lufkin and GE were up with word of the news.
GE Bets on Shale
General Electric recently made a huge bet on shale, buying an oil and gas equipment company called Lufkin Industries for $3.3 billion. The purchase will boost GE's portfolio of U.S. energy businesses. Shares of both Lufkin and GE were up with word of the news.
May 2, 2013
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