Bristol-Myers To Restate Earnings
Bristol-Myers Inventory Backlog. Bristol-Myers Squibb Co. said Thursday it will restate earnings downward for parts of 2000 and 2001 while revising this year's earnings upward because of its massive inventory backlog imbroglio that spurred two government investigations. Analysts had been expecting the move since last April when … [Read more...] about Bristol-Myers To Restate Earnings
Bristol-Myers Squibb Faces Criminal Probe
Bristol-Myers Squibb Under Investigation. Bristol-Myers Squibb on Wednesday disclosed it was the target of a US federal criminal investigation over drug sales to wholesalers. The US pharmaceuticals company is already under investigation by the Securities and Exchange Commission. On Wednesday the company said it would … [Read more...] about Bristol-Myers Squibb Faces Criminal Probe
SEC Investigates Bristol-Myers
Bristol-Myers Investigation. The Securities and Exchange Commission probe into whether Bristol-Myers Squibb Co. improperly inflated its revenues last year by up to $1 billion has become a formal investigation, the company said Thursday. The SEC declined to comment directly on the case but a spokesman said that a formal … [Read more...] about SEC Investigates Bristol-Myers
