Backfire

Attempts to defraud the U.S. government in a sale of military jet engines to Israel wound up costing General Electric $69 million. In a Cincinnati federal court, GE's aircraft-engine division settled civil and criminal charges of conspiring with an Israeli air force general to bill the Pentagon for fictitious parts and testing equipment. A GE manager stationed in Israel between 1984 and 1989 blew the whistle on his employer two years ago.

Quotes of the Day »

Get & Share
FARHAD AFSHAR, head of the Coordination of Islamic Organizations in Switzerland, after Swiss voters passed a referendum imposing a national ban on the construction of minarets, the prayer towers of mosques
For use in rail of Articles page or Section Fronts pages. Duplicate and change name as necesssary to distinguish.

Time.com on Digg

POWERED BY digg

Quotes of the Day »

Get & Share
FARHAD AFSHAR, head of the Coordination of Islamic Organizations in Switzerland, after Swiss voters passed a referendum imposing a national ban on the construction of minarets, the prayer towers of mosques

Stay Connected with TIME.com