BAKER Hughes is overhauling its business after its failed merger with Halliburton.
The Houston-based services giant intends to limit its exposure to the volatile US pressure-pumping market and return to its roots as a high-tech manufacturer in many international markets.
The contractor can make use of a $3.5 billion termination fee from its bigger rival to help in these repositioning efforts — and is also looking to cut costs this year by $500 million .
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