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GE faces accounting fines (CNN Money)
Industrial giant says in report that SEC may recommend civil punishments for accounting changes the company made.
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GE gets "Wells notice" in SEC accounting probe (Reuters via Yahoo! News)
General Electric Co said on Friday it had been notified by U.S. regulators that a civil complaint could be filed against the company following a more than three-year-long probe into its use of hedge accounting for derivatives and other accounting matters.
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GE receives "'Wells notice" in hedge accounting probe (Reuters via Yahoo! News)
General Electric Co said on Friday it had been notified by U.S. regulators they were considering filing a civil complaint against the company following a three-year probe into GE's use of hedge accounting for derivatives.
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SEC might fine GE on accounting (Fort Wayne Journal Gazette)
General Electric Co. said Friday it has been informed that the Securities and Exchange Commission may recommend fines and other action for possible violations of securities law related to accounting changes the company made.
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GE may face action over derivatives accounting (Financial Times)
General Electric said on Friday that US securities regulators might take civil action against the conglomerate following an investigation into its accounting methods on derivatives.
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Accounting change could pressure taxes (UPI)
WASHINGTON, Sept. 5 (UPI) -- An accounting change by U.S. actuaries could dramatically increase contributions needed to cover the cost of public employees' pension funds, analysts said.
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Jury Selection Set to Begin in KPMG Accounting Fraud Trial (SmartPros Accounting)
NEW BRUNSWICK, N.J., Sept. 5, 2008 (SmartPros) Jury selection will begin on Monday, Sept. 8, in an accounting fraud lawsuit involving Big Four auditing firm KPMG and Cast Art Industries.
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Mets? Rise Began After Some Simple Accounting (New York Times)
The Phillies can ponder the motivational note from the Hall of Famer Mike Schmidt from Friday night, but the Mets had their own declaration of inspiration earlier this season.
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Loan Giant Overstated the Size of Its Capital Base (New York Times)
Advisers poring over the books of Fannie Mae and Freddie Mac concluded that Freddie?s accounting methods had overstated its cushion, officials said.
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(AFX UK Focus) 2008-09-05 23:09 UPDATE 1-GE gets 'Wells notice' in SEC accounting probe (Interactive Investor)
CHICAGO, Sept 5 (Reuters) - General Electric Co said on Friday it had been notified by U.S. regulators that a civil complaint could be filed against the company following a more than three-year-long probe into its use of hedge accounting for derivatives and other accounting matters. In a filing with the U.S. Securities and Exchange Commission, the company said SEC staff had issued a so-called ...
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