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General Electric Co., up 78 cents to $8.79 The industrial conglomerate's CEO bought nearly $2 million worth of stock following allegations of fraud against the company.
More from Minneapolis Star-Tribune (United States):
Industry Week 08/16/2019 14:09
General Electric Co. shares bounced back on Friday after a brutal rout Thursday as Wall Street analysts defended the industrial conglomerate against allegations from a prominent financial examiner and reiterated their faith in the chief executive officer ...
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Business Insider 08/16/2019 14:07
The recent report alleging accounting fraud by General Electric marks the latest in a long history of accounting controversies within the industrial behemoth.
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CNBC 08/16/2019 13:00
GE's stock tumbled Thursday after Madoff whistleblower Harry Markopolos called the company's accounting "a bigger fraud than Enron," but CEO Larry Culp bought nearly $2 million worth of stock to signal his confidence and several analysts ...
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Forbes 08/16/2019 11:37
All told, Harry Markopolos said, the accounting problems amount to $38 billion which represents 51% of GE's stock market capitalization AFP/Getty Images The accountant who blew the whistle on Bernie Madoff’s ponzi scheme released a 170-page report outlining a $38 billion problem in General Electric’s accounting.
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FoxBusiness 08/16/2019 09:35
General Electric CEO Larry Culp isn’t backing down, instead, he is assembling the troops to take on a whistleblower accusing his company of financial fraud.
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