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General Electric Co (GE)

GE on New York Consolidated

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19 Aug 2019
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UPDATE 4-General Electric fortifies defense against charges of bogus accounting

NEW YORK, Aug 19 General Electric Co reinforced its defense of its accounting practices on Monday after investors asked more questions about an unusual research report last week that accused the jet engine and power plant maker of financial fraud.

General Electric fortifies defense against charges of bogus accounting

NEW YORK General Electric Co reinforced its defense of its accounting practices on Monday after investors asked more questions about an unusual research report last week that accused the jet engine and power plant maker of financial fraud.

General Electric renews defense against charges of bogus accounting

NEW YORK, Aug 19 General Electric Co further defended itself on Monday against fraud investigators who said last week the Boston-based conglomerate had failed to put aside money to cover $29 billion in potential insurance losses and had improperly counted profit from subsidiary Baker Hughes as its own.

GE shares fall on Madoff whistleblower calling its finances a fraud

General Electric Co shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff's Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE's new CEO. | Video

UPDATE 6-GE shares fall on Madoff whistleblower calling its finances a fraud

Aug 15 General Electric Co shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff's Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE's new CEO.

Breakingviews - GE has more to lose from whistle-blower

NEW YORK (Reuters Breakingviews) - General Electric is getting a harsh lesson in the cost of credibility. A man who warned about Bernie Madoff’s Ponzi scheme claims the conglomerate is hiding $38 billion in losses with false accounting. The company run by Larry Culp strongly denies it, but its history of opaque reports and belated write-offs put it on weak ground. The stock’s more than 10% drop implies investors give the claims only partial credence – for now.

GE CEO calls Markopolos report 'market manipulation' and 'false'

NEW YORK General Electric Co Chief Executive Larry Culp said on Thursday that a report alleging GE was hiding financial problems was "market manipulation – pure and simple."

GE CEO calls Markopolos report 'market manipulation' and 'false'

NEW YORK, Aug 15 General Electric Co Chief Executive Larry Culp said on Thursday that a report alleging GE was hiding financial problems was "market manipulation – pure and simple."

GE shares fall on report that cash situation worse than thought

Aug 15 General Electric shares fell 5% on Thursday after the Wall Street Journal reported that Harry Markopolos, a whistleblower in the Bernard Madoff Ponzi case, had alleged that company financial filings masked the depths of its problems.

GE secures four-year labor deal with unions for 6,600 workers

NEW YORK General Electric Co has clinched a labor deal with all 6,600 of its unionized workers in the United States, averting potential strikes that could have hit the ailing conglomerate's jet engine production, the company and unions said on Wednesday.

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