Monday, February 12, 2018

GE Takes Another Hit

In a development that CEO John Flannery described as "deeply disappointing," General Electric Company (NYSE:GE) was forced to take a $6.2 billion after-tax GAAP charge relating to its insurance portfolio. It's not exactly what investors want to hear, after a few tumultuous months involving significant earnings misses and an unconvincing investor updatein November.

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