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The defendants are accused of stealing social security numbers of Americans to open up fraudulent accounts on digital payment system PayPal Holdings Inc. They purchased space on computer servers located within the United States to use virtual private networks to mask their identities and pose as Americans.

For Baker Hughes, the deal helps it grow in size and become an even-more important player in the industry after antitrust concerns scuttled a tie-up last year with rival Halliburton Co . The GE deal vaults the merged business past Halliburton to rival only Schlumberger NV for dominance in the global oilfield service market.

The company will have access to GE's research and development facilities and be able to access GE's Predix software and analytics, Simonelli said. (Reporting by Liz Hampton and Ernest Scheyder; Writing by Ernest Scheyder; Editing by Marguerita Choy)

For GE, the deal will help it focus more on the oil and gas sector, especially in North America, while shielding the parent company's earnings from the energy industry's boom and bust cycles. All of GE's oil and gas-related businesses will be folded into the new company, which will be 62.5 percent owned by GE. Baker shareholders will own the rest and receive a one-time, $17.50 dividend.

Facebook could go further in monitoring its platform and adopt the process cryptocurrency firms use to verify bitcoin traders, said Jordan Lieberman, president of ad firm Audience Partners. But if Facebook raises the bar much higher, "It's going to interrupt revenue flows and it's absolutely going to cost them money."

How extensive that vetting will be is unclear. "If you want to put up a theme page for a group, in the ordinary course you wouldn't expect that a vendor like Facebook would require that sort of vetting," said Dan Petalas, a former U.S. federal prosecutor.

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The deal, when announced last autumn, was predicated on a recovery in the oil price to $60 per barrel by 2019, an increase that now seems less likely with a glut of crude still circling the globe and keeping prices below $50.

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With headquarters in London and Houston, the combined company will have roughly $23 billion in annual revenue and offer oilfield gear including blowout preventers, pumps, drilling, chemicals, other products and services for oil producers in 120 countries.

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