Wall Street Journal | With Oil Deal, GE CEO Immelt Revamps His Strategy Wall Street Journal But the complex transaction, which will carve out GE's oil-and-gas business into a separate publicly traded company, also raises questions about how far Mr. Immelt will go in slimming down its once-sprawling corporate portfolio. GE's oil-and-gas ... DealBook|GE to Combine Oil and Gas Business With Baker Hughes General Electric Will Merge Its Oil and Gas Business With Baker Hughes GE, Baker Hughes to combine oil, gas businesses |