General Electric to Expense Options; Certifies Financials

GE(GE Quote) certified its financial results with the SEC on Wednesday and will start expensing employee stock options this quarter.

"Certifying our SEC filings underscores our unyielding commitment to integrity and to providing investors with accurate, relevant and understandable information," said CEO Jeff Immelt in a statement.

Since the beginning of the year, GE has been under pressure to step up its disclosure. In the first quarter, the Connecticut-based conglomerate held its first-ever earnings conference call. And last week GE said it would break finance unit, which has been criticized for its impenetrability, into four groups. ...