Audit Finds Hoy Overstated Circulation by 46 Pct
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Tribune Co.&#39;s Hoy newspaper, one of several US papers caught up in a circulation scandal, overstated circulation at its New York edition by more than 46 percent last
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When Australian property developer Victor Ollis checked his bank account, he couldn't believe his luck. A technical error meant that a total of A$11m (Â£4.5m) had mistakenly poured into his account and he went on a spending spree.
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It took an army of accountants two years and more than $1.4 billion to quantify the mess, but Fannie Mae yesterday issued the final tally of its accounting errors, saying it overstated past profits by $6.3 billion.
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The huge U.S. current account deficit widened in the third quarter to a record $225.6 billion, as gushing oil prices and strong demand for Chinese and other foreign goods pushed imports higher, a U.S. Commerce Department report showed on Monday.
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Business & money: Â·  Petrol heads to Â£1 a litre for the holiday season Â·  Crude hits near-record level amid hurricane fears
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The business racked up nearly &#36;1 billion in losses since 2001.
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The UK National Audit Office found that more than a million people were paying the wrong amount of tax because of processing errors.
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Think 4% inflation is too high? Our basket of luxury goods costs 7% more than one year ago.
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The owner's balance sheet shows losses of up to $400 a month Â a sum considered a good monthly wage.
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The Home Depot Inc. said yesterday an internal investigation of stock option practices has concluded that errors caused it to have roughly $200 million in unrecorded option expenses over a 26-year period.
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The U.S. current account trade gap  widened slightly to a record $164.71 billion in the third  quarter, data showed on Thursday, but U.S. dependence on  overseas capital was not as great as feared, fueling a big  dollar rally.
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Lower end of loss estimates upped to $4B; losses could reach $10B to make it 2nd most costly. By Chris Isidore, CNN/Money senior writer.
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The central bank ordered banks in the country to increase reserves for the first time in 17 years to rein in household debt and help curb a surge in property prices. The Bank of Korea raised the required reserve ratio on demand deposits to 7 percent from 5 percent, it said Thursday in a statement. The move was the latest effort by policy makers to damp rising household debt and surging property prices, which last month rose at the fastest pace in three years, threatening economic expansion. The government said last week that it planned to build more apartments and tighten lending restrictions for home buyers.
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South Koreaâs financial regulator has found accounting irregularities worth Won1,980 billion ($1.7 billion) at Hynix Semiconductor, and has warned that the worldâs second largest memory chipmaker could be fined for the violations.
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A long-awaited audit, released by the high court of publishing, confirmed Newsday&#39;s admission that its circulation was heavily inflated and cut the size of its New York City edition.
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NEW YORK (CBS.MW) -- Toll Brothers reported fiscal fourth-quarter earnings that nearly doubled over year-earlier results as demand continued to outstrip supply in the homebuilder&#39;s affluent markets.
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More than 70 percent of the newspapers measured by the Audit Bureau of Circulations lost circulation during the last six months, according the ABC FAS-FAX report released on Monday.