Krispy Kreme Picks Turnaround Specialist
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Investors showed hope that Stephen F. Cooper could reorganize the company without bankruptcy proceedings.
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CHARLOTTE, NC - Shares of Krispy Kreme Doughnuts Inc.&#39;s fell sharply Monday as a 79 percent plunge in third-quarter earnings and an intensifying accounting investigation overshadowed the pastrymaker&#39;s statement that the low-carb craze might be easing.
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Krispy Kreme Doughnuts Inc  said on Monday that Chief Executive Daryl G. Brewster has resigned for personal reasons and will be replaced by its Chairman James H. Morgan as president and CEO.
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CHICAGO (CBS.MW) -Krispy Kreme Doughnuts Inc. shares dived more than 16 percent on Monday, leaving investors with a bad taste after the company reported a quarterly loss and pulled forecasts for the rest of the year.
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U.S. securities regulators have  ratcheted up their probe of Krispy Kreme Doughnuts Inc.  KKD.N, looking at how it repurchased some of its doughnut  franchises, the company said on Friday.
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US securities regulators have ratcheted up their probe of Krispy Kreme Doughnuts Inc. (KKD.N: Quote, Profile, Research) , looking at how it repurchased some of its doughnut franchises, the company said on Friday.
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Krispy Kreme Doughnuts Inc. KKD.N 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, sending its stock down  more than 16 percent.
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Struggling doughnut giant Krispy Kreme sees its shares jump more than 18% after it parts company with its chief executive.
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Krispy Kreme Doughnuts Inc. 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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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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Krispy Kreme Doughnuts Inc. said today that it named Michael Sutton and Lizanne Thomas to serve on its board and co-chair a new special committee to investigate matters raised by the Securities and Exchange
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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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Krispy Kreme Doughnuts Inc  said on Monday that President and Chief Executive Daryl Brewster had resigned for personal reasons after less than 2 years on the job and will be replaced by Chairman James Morgan.
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U.S. securities regulators have  ratcheted up their probe of Krispy Kreme Doughnuts Inc.'s  KKD.N franchise buybacks, the company said on Friday,  triggering a sharp drop in its stock.
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WINSTON-SALEM, N.C. -- Krispy Kreme Doughnuts Inc.'s John Tate quit as chief operating officer amid a government probe of the chain's accounting and earnings forecasts.
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Krispy Kreme Doughnuts Inc.  on Tuesday named new top executives, retained a financial adviser and said it was taking other steps to address its current situation.
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The retailer shows its turnaround may be working.