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    1. GE Plan To Restate 2016-2017 Earnings Is Taking Longer Than Expected

      GE Plan To Restate 2016-2017 Earnings Is Taking Longer Than Expected

      General Electric ( GE ) now plans to restate earnings for 2016 and 2017 by April 13, after a previous target date for late March came and went. X The industrial giant has said it will adopt a new revenue-recognition accounting standard, an industry standard that it says all companies are required to adopt. But GE management said the process "is taking more time than we originally expected" to finalize, according to a letter to shareholders on Wednesday...

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    2. GE’s Stock Reverses Higher After News Of Accounting, Board Changes

      GE’s Stock Reverses Higher After News Of Accounting, Board Changes

      General Electric ( GE ) will cut 2016 and 2017 earnings per share after adopting a new accounting standard and has begun revamping its board of directors. X Separately, Warren Buffett, whose Berkshire Hathaway ( BRKB ) sold most of its GE stock in 2017, said Monday he was "staggered" by GE's financial lapses...

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