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GE bets on oil with Baker Hughes deal

A story of oil's booms and busts

General Electric is betting large on oil and gas.

The association announced Monday that it will combine a oil and gas business into Baker Hughes, a vital actor in a oilfield services industry.

Article source: http://rss.cnn.com/~r/rss/edition_business/~3/WHjo44N5zhI/index.html