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Baker International Corp. said that as a...

Baker International Corp. said that as a result of $340 million in write-downs, it had a net loss of $254.9 million for the second quarter ended March 31. The loss compares to net earnings of $21 million a year earlier. Revenue during the quarter fell 9%. For the first half, the Orange-based maker of oil field equipment had a net loss of $238.5 million, compared to a profit of $38.7 million a year earlier. Baker’s loss was partially offset by an extraordinary gain of $85 million resulting from the replacement of its pension plan.


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