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
Qwest To Restate Past Earnings
Qwest Accounting Problems. Qwest's acknowledgment of accounting problems could help the regional phone service provider restore investor trust, but analysts said big revisions in the bottom line for 2000 and 2001 could hurt the sale of a phone-directory business Qwest is counting on to reduce debt. Officials of Qwest … [Read more...] about Qwest To Restate Past Earnings
