UPDATE 4-General Electric fortifies defense against charges of bogus accounting [Reuters]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: Reuters
General Electric fortifies defense against charges of bogus accounting - Reuters 5 Min Read NEW YORK (Reuters) - 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. The 175-page report www.gefraud.com , published on Thursday by Harry Markopolos, who blew the whistle on Bernard Madoff's Ponzi scheme, renewed concern about GE's finances and sent its stock tumbling. “Some of (the) questions I’ve been receiving go straight to the heart of GE’s culture, so let me be clear: we operate with absolute integrity and stand behind our financial reporting,” Steve Winoker, GE’s investor relations chief, said in a statement on Monday. Investors are nervous about GE because the Boston-based conglomerate is expected to lose as much as $1 billion in cash this year, has slashed its dividend and profit forecast and taken more th
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GE
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GE
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- 4/15/24 - Form 3
- 4/15/24 - Form 3
- 4/15/24 - Form 3
- GE's page on the SEC website