BJ Services: Oil field services co. BJ Services to wind down business in bankruptcy

Tomball-based BJ Services LLC has filed for Chapter 11 bankruptcy protection, bringing hundreds of millions of dollars in debt to the court. BJ, an oil field services company partially owned by Houston-based Baker Hughes Co. (NYSE: BKR), is looking to sell its assets through the bankruptcy process, it said in a press release. The company said it's already negotiating with bidders that are interested in certain portions of its portfolio. 
BJ has between $500 million and $1 billion in debt with...