May 2016, Vol. 243, No. 5

Web Exclusive

Halliburton, Baker Hughes Look to Future After Merger Scuttled

DALLAS (AP) — Halliburton and Baker Hughes, whose planned merger is the latest big deal to be shot down by antitrust regulators, now must pick up the pieces and shore up their companies during a severe slump in oil and gas drilling. The two Houston companies are key components of the U.S. energy-exploration business. So big and so important, the Justice Department decided, that letting Halliburton buy Baker Hughes would have hurt competition and driven up prices. Attorney General Loretta Lynch said the companies’ decision Sunday to abandon the deal was a victory for the economy and all Americans. Investors seemed to think that Halliburton will be just fine without the acquisition, w

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