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Baker Hughes (BHI) Stock Climbs on Potential GE Deal

NEW YORK (TheStreet) -- Shares of Baker Hughes (BHI) were jumping 8.85% to $59.38 in pre-market trading on Friday after General Electric (GE) confirmed that it is in talks of partnering with oilfield services provider.

The Wall Street Journal first reported late Thursday that GE was exploring a purchase of Houston-based Baker Hughes.

But the digitial industrial company said in a statement yesterday that it is in discussions with Baker Hughes about "potential partnerships," not an "outright purchase."

If talks continue, GE could decide to spin the...