A federal appeals court late yesterday upheld a ruling against General Electric's (GE +1.5%)...

|About: General Electric Company (GE)|By:, SA News Editor

A federal appeals court late yesterday upheld a ruling against General Electric's (GE +1.5%) financing arm, charging that it allegedly used a complex partnership arrangement to skirt its U.S. tax obligation. The company already attracted similar attention last year, after reports surfaced that it effectively paid no federal income taxes in 2010.