Baker Hughes (BHI +9.7%) shares surge near the top of the S&P 500 after the oilfield service...

|About: Baker Hughes Inc. (BHI)|By:, SA News Editor

Baker Hughes (BHI +9.7%) shares surge near the top of the S&P 500 after the oilfield service firm posted higher-than-expected profits as revenue piled up outside North America. BHI stuck with its forecast for 8% growth in the international rig count this year (excluding Iraq) and expects five more deepwater rigs in the Gulf of Mexico to join the 24 already there later this year.