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GE to restructure power division amid expanded SEC, DOJ probe
Utility Dive: The expanded SEC and DOJ probe is just the latest headache for GE's struggling power business, along with a $22 billion goodwill impairment charge the company swallowed last quarter.
Companies take impairment charges when the market value of a set of assets is below the price paid to acquire them and expected future cash flows are lower than originally anticipated. In this case it represents the deterioration of a string of investments GE made to expand its power business in recent years.
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