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General Electric being investigated by federal regulators

January 24, 2018 06:51 PM

General Electric is being investigated by the Securities and Exchange Commission.

In its fourth quarter earnings report, GE said it was taking a $6 billion charge because of miscalculations by one of its units.

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The SEC says it will investigate the accounting practices used by North American Life and Health to estimate its costs.

GE stock has fallen 43 percent over the past year.

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WNYT Staff

Copyright 2018 - WNYT-TV, LLC A Hubbard Broadcasting Company

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