Search results
Results from the WOW.Com Content Network
For premium support please call: 800-290-4726 more ways to reach us
A new report claims that GE stock is doomed and that accounting fraud will land the industrial conglomerate in bankruptcy court. Yet the allegations contain more innuendo than substance.
[48] [49] The stock closed at $9.03 prior to the report, and then closed at $8.01 the following day when the report was published. Markopolos claimed GE was a fraud "bigger than Enron". [ 50 ] Subsequently, GE called the report "meritless" and an attempt at " market manipulation " by Markopolos; Wall Street analysts shrugged off the report; and ...
GE stock has fallen nearly 80 percent from highs in 2000, serving up a reminder of the risk of holding your employer’s stock in a retirement account. COLUMN-Beyond GE: U.S. workers own too much ...
In 2018, a lawsuit (the Bezio case) was filed in New York state court on behalf of participants in GE's 401(k) plan and shareowners alleging violations of Section 11 of the Securities Act of 1933 based on alleged misstatements and omissions related to insurance reserves and performance of GE's business segments. [125]
GE Capital was the financial services division of General Electric. [1] Its various units were sold between 2013 and 2021, including the notable spin-off of the North American consumer finance division as Synchrony Financial.
For premium support please call: 800-290-4726 more ways to reach us
The Employee Retirement Income Security Act of 1974 (ERISA) (Pub. L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry.