Shares of General Electric Co. GE, -1.52% slumped 1.6% in morning trade Monday, to pace the Dow Jones Industrial Average's DJIA, +0.88% decliners, after the industrial conglomerate revealed retrospective financials for additional disclosures regarding new accounting rules for revenue recognition.
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The U.S. blocked Chinese telecommunications-gear maker ZTE Corp. from exporting sensitive technology from America, alleging the company made false statements to U.S. officials. The Commerce Department has determined ZTE made false statements to the Bureau of Industry and Security in 2016
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Deutsche Bank AG Chief Operating Officer Kim Hammonds's future at the lender is uncertain, a little over a week after the dismissal of the chief executive, according to people with knowledge of the matter. Concerns about slow progress in upgrading the bank's information technology systems — together
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GE released restated financial results after the bell Friday, lowering earnings per share for 2016 and 2017 by a combined 30 cents due to the adoption of a new accounting standard. Restated 2016 EPS were lowered by 13 cents while 2017 EPS dropped by 17 cents, relatively in-line with expectations.
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Finance Manager – Financial Accounting in Healthcare / NHS, Financial accountant with Michael Page. Apply Today.
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