General Electric Co posted adjusted profits on Wednesday that beat analysts' estimates and wowed investors by promising $1 billion (£776.10 million) more cash this year than it had previously forecast, sending its shares sharply higher. | Video
General Electric Co said on Monday it would freeze pensions for about 20,000 salaried U.S. employees and take other related moves to help the ailing conglomerate cut debt and reduce its retirement fund deficit by up to $8 billion.
NEW YORK A federal judge in Manhattan on Thursday partially dismissed a lawsuit by investors in General Electric Co that accused the company of concealing $24 billion (19.55 billion pounds) in insurance liabilities and using fraudulent accounting to prop up its power business.
NEW YORK Betting against General Electric Co stock has increased in the last week as the stock has fallen following a report by fraud investigator Harry Markopolos that questioned the conglomerate's accounting, financial analytics firm S3 Partners said on Tuesday.
NEW YORK General Electric Co ranks among the riskiest backers of long-term care insurance, suffering from both high exposure to claims and a relatively small cash pile to pay them, Fitch Ratings said in a report on Tuesday that sent GE's shares tumbling.
NEW YORK, Aug 20 General Electric Co
ranks among the riskiest backers of long-term care insurance,
suffering from both a high exposure to claims and a relatively
small cash pile to pay them, Fitch Ratings said in a report on
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.