Halliburton posts big loss, cuts another 5,000 jobs

Oilfield services company Halliburton has reported a $3.2 billion loss for the second quarter of 2016, largely because of a $3.5 billion breakup fee it paid former acquisition target Baker Hughes in a deal that fell apart in May, reports FuelFix.com. In addition, Halliburton, which operates in Ohio’s Utica shale play, said it cut another 5,000 jobs globally during the second quarter. FuelFix says the company has now eliminated more than 35,000 jobs in the last two years. For more, read the full story.

National, Ohio