GE in talks to buy Baker Hughes: report

General Electric is in talks to buy oilfield-services company Baker Hughes in a deal that could be the US industrial giant's biggest, The Wall Street Journal reported Thursday. GE had approached Baker Hughes about a takeover, the Journal said, citing people familiar with the matter. Baker Hughes, based in Houston, Texas, has a market value of $23 billion, and could fetch more than $30 billion in a takeover, given the typical premium, the newspaper said.