GE expects $500 million charge for NY river cleanup

Posted by Washington Post: Juliet Eilperin on December 23rd, 2010
Reuters: General Electric Co plans to put aside another $500 million to dredge toxic chemicals it dumped into New York's Hudson River more than 30 years ago, bringing the clean-up bill to $1.33 billion over two decades. The largest U.S. conglomerate said on Thursday it expected one-time gains, including a favorable tax settlement, to offset the after-tax charge, which it will record in the fourth quarter. It did not change its overall performance forecast. The U.S. Environmental Protection Agency last......

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