Oct
30
Baker Hughes Could Be a Good Fit for General Electric
ByGeneral Electric says it is not planning to acquire the $23 billion oil-services company Baker Hughes, contrary to news reports. But shareholders should not be shocked by the idea that G.E. might take a look.
Since the panic of 2008 raised an existential crisis at G.E., the $258 billion company has been on an enormous diet plan. Today, the company, led by Jeffrey R. Immelt, is fit for an offensive…