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Alwyn Scott

General Electric stock drop attracts more short-sellers: S3 Partners

21 Aug 2019

NEW YORK Betting against General Electric Co stock has increased in the last week as the stock has fallen following a report by fraud investigator Harry Markopolos that questioned the conglomerate's accounting, financial analytics firm S3 Partners said on Tuesday.

General Electric insurance called 'risky' by Fitch; shares fall again

21 Aug 2019

NEW YORK General Electric Co ranks among the riskiest backers of long-term care insurance, suffering from both high exposure to claims and a relatively small cash pile to pay them, Fitch Ratings said in a report on Tuesday that sent GE's shares tumbling.

General Electric ranks among riskiest long-term care insurers -Fitch

20 Aug 2019

NEW YORK, Aug 20 General Electric Co ranks among the riskiest backers of long-term care insurance, suffering from both a high exposure to claims and a relatively small cash pile to pay them, Fitch Ratings said in a report on Tuesday.

General Electric fortifies defence against charges of bogus accounting

20 Aug 2019

NEW YORK General Electric Co reinforced its defence 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.

General Electric renews defense against charges of bogus accounting

19 Aug 2019

NEW YORK, Aug 19 General Electric Co further defended itself on Monday against fraud investigators who said last week the Boston-based conglomerate had failed to put aside money to cover $29 billion in potential insurance losses and had improperly counted profit from subsidiary Baker Hughes as its own.

GE shares fall on Madoff whistleblower calling its finances a fraud

16 Aug 2019

General Electric Co shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff's Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE's new CEO. | Video

GE shares fall on Madoff whistleblower calling its finances a fraud

16 Aug 2019

General Electric Co shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff's Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE's new CEO. | Video

UPDATE 6-GE shares fall on Madoff whistleblower calling its finances a fraud

16 Aug 2019

Aug 15 General Electric Co shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff's Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE's new CEO.

GE secures four-year labour deal with unions for 6,600 workers

15 Aug 2019

NEW YORK General Electric Co has clinched a labour deal with all 6,600 of its unionized workers in the United States, averting potential strikes that could have hit the ailing conglomerate's jet engine production, the company and unions said on Wednesday.

GE lifts forecast but warns Boeing grounding may cost $1.4 billion

01 Aug 2019

General Electric Co raised its 2019 forecast on Wednesday, but disclosed more than $1 billion in potential costs from Boeing's grounded 737 MAX jetliner, puncturing an early share rally.

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