The selloff followed an earnings restatement and an accounting scandal.
Financial and business terms. 2012.
Earnings Recast — The act of amending and re releasing a previously released earnings statement, with specified intent. Some of the most typical reasons for recasting earnings are to show the impact of a discontinued business or to separate out earnings related… … Investment dictionary
restatement — restate UK US /ˌriːˈsteɪt/ verb [T] ► ACCOUNTING, FINANCE if a company restates its results, it calculates them again and announces a new amount for its profits, sales, etc.: »The company will have to restate earnings , converting reported… … Financial and business terms
NorthPoint Communications — (Former NASDAQ: NPNT) was a CLEC (competitive local exchange carrier), focused on data transmission rather than voice. Its business plan involved leasing copper telephone lines from local phone companies, then selling them at wholesale prices to… … Wikipedia
Research In Motion — Limited Type Public Traded as TSX: RIM NASDAQ: … Wikipedia
United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… … Universalium
Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… … Universalium
Computers and Information Systems — ▪ 2009 Introduction Smartphone: The New Computer. The market for the smartphone in reality a handheld computer for Web browsing, e mail, music, and video that was integrated with a cellular telephone continued to grow in 2008. According to… … Universalium
Warnaco Group — Warner Brothers Corset Company redirects here. For the film studio, see Warner Bros.. Warnaco Group, Inc Type Public (NYSE: WRC) Industry Textiles, Apparel Luxur … Wikipedia
accounting — /euh kown ting/, n. 1. the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc.… … Universalium
Uthman Ibn Affan — ‘Uthmān ibn ‘Affān (Arabic: ar. عثمان بن عفان) (c. 579 July 17 656) was one of the sahaba (companions). An early convert to Islam, he played a major role in early Islamic history, most notably as the third Caliph of the Rashidun Empire (644 to… … Wikipedia
