09/07/2008
Accounting methods spur action (Albany Times Union)
Advisers' concerns lead to expected takeover at Fannie Mae, Freddie Mac The government's planned takeover of Fannie Mae and Freddie Mac, expected to be announced as early as this weekend, came together hurriedly after advisers poring over the companies' books for the Treasury Department concluded that Freddie's accounting methods had overstated its capital cushion, according to regulatory ...
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09/06/2008
GE faces accounting fines (CNN Money)
Industrial giant says in report that SEC may recommend civil punishments for accounting changes the company made.
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09/05/2008
GE gets "Wells notice" in SEC accounting probe (Reuters via Yahoo! News)
General Electric Co said on Friday it had been notified by U.S. regulators that a civil complaint could be filed against the company following a more than three-year-long probe into its use of hedge accounting for derivatives and other accounting matters.
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09/05/2008
GE receives "'Wells notice" in hedge accounting probe (Reuters via Yahoo! News)
General Electric Co said on Friday it had been notified by U.S. regulators they were considering filing a civil complaint against the company following a three-year probe into GE's use of hedge accounting for derivatives.
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09/05/2008
GE Gets Wells Notice From SEC Over Accounting Probe (Update1) (Bloomberg.com)
Sept. 5 (Bloomberg) -- General Electric Co. , the world's third-largest company, said Securities and Exchange Commission investigators plan to recommend legal action against the company in connection with a three-year-old probe into accounting procedures.
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09/06/2008
SEC might fine GE on accounting (Fort Wayne Journal Gazette)
General Electric Co. said Friday it has been informed that the Securities and Exchange Commission may recommend fines and other action for possible violations of securities law related to accounting changes the company made.
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09/05/2008
GE Gets Wells Notice From SEC Staff on Hedge Accounting Probe (Bloomberg.com)
Sept. 5 (Bloomberg) -- General Electric Co. said it received a ``Wells notice'' from the staff of the Securities and Exchange Commission, advising the company that the agency is considering bringing a civil complaint concerning the use of hedge accounting.
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09/06/2008
GE may face action over derivatives accounting (Financial Times)
General Electric said on Friday that US securities regulators might take civil action against the conglomerate following an investigation into its accounting methods on derivatives.
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09/05/2008
Accounting change could pressure taxes (UPI)
WASHINGTON, Sept. 5 (UPI) -- An accounting change by U.S. actuaries could dramatically increase contributions needed to cover the cost of public employees' pension funds, analysts said.
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09/07/2008
Why U.S. moved on mortgage giants (International Herald Tribune)
Auditors for Treasury Department found that Freddie Mac's accounting methods overstated its capital cushion, officials say.
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