The industrial conglomerate on Tuesday said it would take a $6.2 billion after-tax charge in the fourth quarter related to shortfalls in a legacy insurance business within its GE Capital division. GE will also make statutory reserve contributions of $15 billion over seven years to help cover elevated claims.
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Almost three months after Czech billionaire Andrej Babis's party dominated elections without winning an outright majority, his government failed to secure approval in parliament because of concerns he may be charged over alleged fraud. The prime minister said the month-old cabinet will now resign on
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She started as an interior decorator 12 years ago,with N100,000 when the area was little known. Later she found an opportunity in cake business. An accountant, who had been working for some years, she realised that she had a passion for cakes. She started from Calabar and moved to Port Harcourt.
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The 6-Month ACI, meanwhile, came in at 57.77, down a bit from last month's 59.41. The index components mostly declined, with the big exception being in firm's expectation for their own short-term growth. The ACI is created from a monthly poll of the Accounting Today Executive Research Council,
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… respective export and import options somewhat, a changed trading relationship may matter less to energy markets. Right now, though, the potential for real disruption is there if Nafta, and cool heads, exit altogether. This column does not necessarily reflect the opinion of Bloomberg LP and its owners.
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