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5 Things You Must Know Before the Market Opens Friday

Updated from 5:53 a.m.

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Here are five things you must know for Friday, Oct. 28:

1. -- General Electric (GE) and oilfield services provider Baker Hughes (BHI) , both of which are grappling with a sluggish energy market, have begun talks on possible partnerships but GEr said none of the options include a complete takeover.

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A potential deal between GE, which has refocused on manufacturing after selling most of its sprawling lending business, was reported Thursday by The Wall Street Journal, which said it couldn't ascertain any details of the transaction. GE CEO Jeff Immelt has said the oil industry is in a cyclical lull, typically a good time to make acquisitions, but that GE's oil and gas division didn't need any drastic...