SunTrust Banks to Restate 1Q, 2Q Profit
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ATLANTA - SunTrust Banks Inc. said Monday that it expects to restate earnings higher for the first and second quarters of 2004 due to changes in loan loss allowances, and plans to delay its third-quarter earnings
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SunTrust Banks Inc , a large U.S. southeast regional bank, on Wednesday said fourth-quarter earnings tumbled 98 percent, hurt by a tripling of credit losses and a bailout of two money market mutual funds.
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Computer Sciences, an information technology company whose biggest client is the U.S. government, said yesterday that it would restate financial results back to 1996 to correct mistakes made in accounting for stock option grants.
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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 four years
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Fremont Investment Advisors of San Francisco has agreed to pay $2.1 million in restitution and $2 million in civil penalties to end a mutual fund timing case, New York Attorney General Eliot Spitzer announced Thursday.
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The bank said the write-down cut $1 billion from its profit and that it had suspended traders for errors.
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Boston Communications Group Inc.  , 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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Sun Microsystems on Thursday reported modest earnings that were in line with Wall Street expectations for its second fiscal quarter of 2005, which ended December 26, but the company fell short on the revenue side.
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Sun Microsystems today posted a narrower quarterly loss as revenue rose year over year for the second consecutive quarter after three years of declines.
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WASHINGTON - A day after Fannie Mae agreed to regulators&#39; demands to boost its capital cushion against risk and revamp its accounting, officials said Tuesday that the possibility of the beleaguered mortgage giant having to restate its earnings had been
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SunTrust Banks Inc., the No. 7 US bank, said the Securities and Exchange Commission started an informal inquiry into its announcement four days ago that the bank would restate profit for this year&#39;s first two quarters.
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Progress Software said yesterday that it would restate previous financial results because of errors in stock-based compensation.
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Sun Microsystems Inc. SUNW.O on  Thursday reported a small quarterly net profit, reversing a  year-earlier loss, as narrower costs offset a slight revenue  decline.
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Sun doubled its profit in the quarter ended Dec. 30, although revenue was nearly flat compared with the same period a year earlier, the company announced Thursday.
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Reversing a year-earlier loss, Sun Microsystems this afternoon reported second-quarter net profit of $28 million and revenue of $2.84 billion.
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Goldman Sachs reported second-quarter earnings on Thursday.
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The Securities and Exchange Commission has ordered Fannie Mae to restate its earnings for the last four years after concluding that it had violated accounting rules.