DealBook Briefing: G.E. Is Accused Of $38 Billion Fraud

Just in: The C.E.O. of the Hong Kong- based airline Cathay Pacific, Rupert Hogg, has resigned, a week after the Chinese authorities criticized the involvement of its staff in protests.. Now, Mr. Markopolos has published a report claiming that accounting fraud“ bigger than Enron and WorldCom combined” lurks within G.E. •“I think that they’ re a bankruptcy waiting to happen,”…