VeriSign plans to restate earnings
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Expected restatement comes as a result of its internal investigation into stock options practices.
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Apple Computer has delayed filing its financial statements for a second time and said it will restate earnings to account for backdated stock-option grants.
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THE REGION Sapient Corp. said it will restate some financial results because of findings from an investigation related to the technology consultant's granting of stock options. The Cambridge company is also delaying third-quarter results because of the probe into the options, which were granted primarily between 1996 and 2001. Sapient, which hasn't determined the impact on the financial results, found ...
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VeriSign Inc. VRSN.O on  Wednesday reported a quarterly profit versus a year-ago loss,  driven by an investment gain and strong demand for its  authentication tools and services for the Internet and  telecommunications networks.
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Research In Motion Ltd.    expects to be up to date with its regulatory filings  shortly, but the BlackBerry maker needs more time as its  accountants continue to grapple with a $250-million earnings  restatement related to mistakes it made in granting stock  options in the past.
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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 nation's accounting rule maker decided yesterday that companies will have to begin deducting the value of stock options from their profits next year, reining in a cheap way to compensate workers that had been abused by executives and clouded earnings.
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The nation&#39;s accounting rulemaker decided yesterday that companies will have to begin deducting the value of stock options from their profits next year, reining
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Fannie Mae has been ordered to restate its earnings for the past four years after an investigation by the Securities and Exchange Commission into the mortgage finance company&#39;s accounting practices.
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ST. LOUIS  - First Data Corp. FDC.N, a provider   of electronic payment services, said on Friday a restatement of   its results boosted net income by about $340 million, or 6   percent, over the past three-and-a-half years.
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Boston Communications Group Inc.   BCGI.O, which sells billing systems to mobile phone   companies, said on Thursday it would restate certain past   financial results to reflect charges for stock-based   compensation costs.
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The number of restatements to companies' financial reports spiked by 28 percent last year, according to a study to be released today by Huron Consulting Group Inc.
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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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An article last Sunday in the special Your Taxes report about tips for preparing a tax return referred incompletely to the limit on claims for refundable alternative minimum tax credits resulting from the exercise of incentive stock options. While it is $5,000 under one calculation method, some taxpayers may claim more than that under a second method if their income is not too high.
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Truck maker Navistar International Corp. on Monday delayed its quarterly earnings report because of an anticipated restatement, although the company said the restatement was not expected to be material and gave an encouraging forecast.
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VeriSign Inc. , an Internet security company, said on Thursday that Chief Financial Officer Dana Evan resigned and the company restated financial reports to account for $160.3 million in stock-based compensation.
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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