Baker Hughes-GE talks come after difficult time for both companies

Idle oil equipment is seen in a Baker Hughes yard in WillistonIndustrial giant General Electric Co and oilfield services company Baker Hughes, both beset by difficulties during oil's two-year price rout, may have a clear path out of the doldrums: join forces. GE said Thursday it was in discussions with Baker Hughes Inc but not to acquire the company outright. Baker Hughes said Friday talks were ongoing.

Source: Feed3

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