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GE Says Justice Department, SEC Are Probing Power-Unit Charge

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GE Slashes Dividend as CEO Aims to Revamp Power Unit

General Electric Co. said the Securities and Exchange Commission is expanding its probe of the company’s accounting to look at a $22 billion charge in the company’s power unit.

The Justice Department is also examining the writedown from goodwill impairment, GE Chief Financial Officer Jamie Miller said Tuesday on a conference call. The company confirmed the charge in its earnings report, four weeks after flagging the issue to investors.