SunTrust to Restate Earnings
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SunTrust Banks Inc. will restate its earnings for the first two quarters of the year after discovering errors in how it sets aside money to cover problem loans.
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The staff of the Securities and Exchange Commission has ordered Fannie Mae, the nation&#39;s largest buyer of mortgages, to restate its earnings over the last
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SunTrust Banks Inc. STI.N, which  fired three executives over its accounting for bad loans, on  Friday restated first-half profit higher by $25.1 million, more  than it had forecast, to fix the mistakes.
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Krispy Kreme Doughnuts Inc., dogged by slipping sales and questions about its accounting practices, yesterday said it would restate earnings for 2004 and warned it may default on nearly $91 million in loans.
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Whether mortgage finance giant Fannie Mae will have to restate its earnings as a result of accounting problems cited by regulators will be up to the Securities and Exchange Commission to consider, a company executive said Tuesday.
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WASHINGTON Sept. 30, 2004 - Mortgage giant Fannie Mae, under investigation by regulators and ordered to revamp its accounting, may have to restate its past earnings, a federal agency said Thursday.
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NEW YORK (CBS.MW) -- SunTrust Banks Inc. on Friday said third-quarter profit rose 11 percent and reported a restated profit for the first half of 2004, as expected.
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SunTrust Banks restated its first- and second-quarter earnings on Monday because of an error in how the bank accounted for loss reserves.
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SunTrust Banks Inc. STI.N on Monday  said it expects to restate first-half profit higher to fix how  it accounted for loan losses, and the No. 7 U.S. bank put two  senior finance executives on paid leave.
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Sears, Roebuck and Co. S.N on  Tuesday said it would restate its fourth-quarter 2004 earnings,  cutting them by 5 cents to 10 cents a share, due to an error in  accounting for construction allowances.
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Krispy Kreme Doughnuts Inc. on Tuesday  said it would restate its fiscal 2004 financial reports due to  accounting errors, which could reduce earnings more than the  company had previously forecast, and said it may have to  further restate results for 2004 and 2005.
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Energy provider Dynegy Inc. on Wednesday said it will restate financial statements for 2003 and the first two quarters of this year to reflect extra charges related to its $2.
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SunTrust Banks Inc. STI.N on Monday  put two senior finance executives on leave after uncovering  accounting problems that will result in the No. 7 U.S. bank  restating first-half profit higher.
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Krispy Kreme Doughnuts Inc. KKD.N on  Tuesday said it would restate financial statements for its 2004  fiscal year due to errors in how it accounted for the  repurchase of franchises, which could reduce earnings more than  the company had previously forecast.
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The commercial bank says it will restate earnings upward.
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SunTrust Banks Inc. said Monday it expects to restate earnings higher for the first and second quarters of 2004 due to an error in entering the data used to calculate loan loss allowances, and plans to delay
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SunTrust Banks Inc. STI.N on  Thursday said U.S. securities regulators have started an  informal inquiry into its decision to restate financial results  for the first half of this year.