GE Nears Deal to Combine Oil-and-Gas Business With Baker Hughes and other top stories.

• GE Nears Deal to Combine Oil-and-Gas Business With Baker Hughes

  

  Updated Oct. 30, 2016 11:35 p.m. ET General Electric Co. is nearing a roughly $30 billion deal to combine its oil-and-gas business with Baker Hughes Inc., creating an energy powerhouse that would give GE a cost-effective way to play any recovery in the industry. GE plans to contribute its oil-and-gas business and some cash to the new entity, which would have publicly traded shares and be majority-owned and controlled by GE, people familiar with the matter said. The transaction..

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• Coca-Cola spices up its soda line-up, but only in one country

  

  Coca-Cola is putting the fizz back into its line-up with an infusion of ginger, but this one is just for Australians. Coca-Cola Ginger was launched Down Under on Monday, as the South Hemisphere country ushers in summer. Marina Rocha, group marketing manager for Coca-Cola South Pacific, described the drink as having "just a subtle hint of ginger," but staff at news.com.au, Australia's biggest news site, judged the ginger flavor to be insipid. "There's a subtle gingery scent and after..

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• Inflation, Long Quiescent, Begins to Stir

  

  After being given up for dead, inflation is gradually coming back to life. It’s not roaring back. Indeed, it’s still below the 2% level the Federal Reserve targets, one reason the Fed is almost certain to leave interest rates unchanged when it meets this week. But economic circumstances and attitudes of policy makers have shifted in the past year in ways that suggest the likeliest path of inflation is up, not down. Data...

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• Japan's Largest Shippers to Merge Container Operations

  

  TOKYO—Japan’s three largest shippers said Monday they would merge their container shipping operations to create the world’s sixth-largest player in an effort to cope with a global decline in the container business. Nippon Yusen K.K., Mitsui O.S.K. Lines Ltd. and Kawasaki Kisen Kaisha Ltd., Japan’s top three shipping lines in terms of revenue, said they agreed to form a joint venture that they estimated would save them a combined...

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• Asian Shares Mostly Lower as FBI Probe Raises US Uncertainty

  

  HONG KONG — Asian stocks wobbled Monday as a revived FBI inquiry into U.S. presidential candidate Hillary Clinton's private email server sharpened uncertainty over the election, while investors also awaited key economic and corporate data this week.KEEPING SCORE: Japan's benchmark Nikkei 225 index lost 0.2 percent to 17,417.29 and South Korea's Kospi also shed 0.6 percent, to 2,008.75. Hong Kong's Hang Seng rose 0.2 percent to 23,004.67 while the Shanghai Composite Index in mainland China fe..

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• No One Saw Tesla's Solar Roof Coming

  

  On Friday evening as the sun descended over the old Hollywood set of “Desperate Housewives,” Elon Musk took to a stage and fired up his presentation about climate change. It was a strange scene, with hundreds of people crowded into the middle of a subtly artificial suburban neighborhood.It wasn’t until about a minute into the speech that Musk casually let the crowd in on Tesla’s big secret. “The interesting thing is that the houses you see around you are all solar houses,” Musk said. “Did you n..

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