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General Electric adds to defense against charges of bogus accounting

General Electric Co intensified its defense of its accounting practices on Monday after investors questioned it about an unusual research report alleging GE failed to put aside money to cover $29 billion in potential insurance losses and improperly counted profit from subsidiary Baker Hughes.

GE chief sells biopharma business for $21 billion

Shares of General Electric surged 11 percent on Monday after the U.S. industrial conglomerate said it would sell its biopharma business to Danaher Corp for $21 billion

Pakistan Railways to receive twenty locomotives from US

ISLAMABAD: Pakistan Railways on Wednesday signed an agreement with US company General Electric under which it will receive twenty new locomotives. An agreement was signed...

Siemens, Philips, GE units in China bribery probe: report

BEIJING: Chinese regulators are investigating units of foreign medical device companies including Germany's Siemens, Dutch firm Philips and General Electric of the US for bribery, Bloomberg News reported on Monday.