February 2007

GE Asbestos Cases

General Electric is charging $115 million after-tax charge on its accounting books to cover asbestos cases. The company has already paid $500 million to settle asbestos cases, and has 509,000 claims pending. Like many large industrial companies, GE used asbestos in its products, even though it was not a primary asbestos maker. GE’s power turbines […]

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