Halliburton boosts 4Q profits

Posted online January 20, 2015 | 5:48 am

Halliburton Co., the oilfield-services company that agreed to buy Baker Hughes Inc. for $34.6 billion, reported higher earnings for the last quarter of 2014 as it prepares for a downturn in the industry.

Net income for the quarter rose to $901 million from $793 million a year earlier, according to Bloomberg Businessweek.

The second-largest services company reported a $129 million cost during the quarter “to temper the impact of anticipated activity declines.”

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