CNBC | General Electric to combine oil and gas operations with Baker Hughes CNBC General Electric, banking on a recovery in oil prices, said on Monday it would merge its oil and gas business with No. 3 oilfield services provider Baker Hughes. The new entity would be controlled by GE. Under the terms of the agreement, Baker Hughes ... GE Nears Deal to Combine Oil-and-Gas Business With Baker Hughes GE to merge oil and gas business with Baker Hughes Deal near to combine GE's oil and gas business with Baker Hughes |