GE's big energy deal; Stocks get spooked; European growth

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1. Let’s make a deal: Wall Street is waking up to a big announcement from General Electric (GE) and Baker Hughes (BHI).

GE is taking a majority stake in Baker Hughes to create a giant firm that will sell equipment and services to the oil and gas industry. The so-called “new Baker Hughes” will have $ 32 billion in revenue.

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