Halliburton, Baker Hughes Pair Off in $34.6 Billion Merger

After the price of oil shot stocks down, including Halliburton and Baker Hughes, the world's second biggest oil field services firm decided to buy the third largest one, and over the weekend the companies ironed out their differences and agreed to a deal worth nearly $35 billion. The merger takes off the table the prospect that Halliburton might go hostile, which was considered before the weekend, after deal talks leaked. Next, after seeing the price of crude plummet, we could be having more MergerTalk a lot like this morning's -- and possibly for bigger oil companies.