GE Woes Deepen as SEC Investigation Throws Wrench in Turnaround | Bloomberg

"General Electric Co. is under investigation by U.S. regulators after taking a larger-than-expected charge in its finance division, dealing a new black eye to a company once enshrined as an icon of American business.

The Securities and Exchange Commission SEC is looking at the accounting practices related to a review of a GE insurance business as well as “revenue recognition and controls for long-term service agreements” in the power-equipment unit, Chief Financial Officer Jamie Miller said Wednesday...

"General Electric Co. is under investigation by U.S. regulators after taking a larger-than-expected charge in its finance division, dealing a new black eye to a company once enshrined as an icon of American business.

The Securities and Exchange Commission SEC is looking at the accounting practices related to a review of a GE insurance business as well as “revenue recognition and controls for long-term service agreements” in the power-equipment unit, Chief Financial Officer Jamie Miller said Wednesday...