UPDATE 1-General Electric adds to defense against charges of bogus accounting
General Electric Co
intensified its defense of accounting practices on Monday after
investors questioned it about an unusual research report
alleging GE failed to put aside money to cover $29 billion in
potential insurance losses and improperly counted profit from
subsidiary Baker Hughes.
intensified its defense of accounting practices on Monday after
investors questioned it about an unusual research report
alleging GE failed to put aside money to cover $29 billion in
potential insurance losses and improperly counted profit from
subsidiary Baker Hughes.
Posted by Reuters