Shares of Tyco are hit hard by SEC probe

Article Abstract:

Tyco International Ltd. announced that its accounting methods are being investigated by the US Securities and Exchange Commission (SEC). Tyco's share value fell by 23% as a result of the announcement. The SEC is probing how the company accounted for acquisition-related charges and reserves since 1993.

Government regulation (cont), Other Communications Equipment Manufacturing, Securities prices, Intercom, Signal & Alarm Eqp, Investigations, Telecommunications equipment, Abstract, Security systems industry, Tyco International Ltd. (Pembroke, New Hampshire), United States. Securities and Exchange Commission

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Tyco figures will be jailed at least 7 years

Article Abstract:

L. Dennis Kozlowski and Mark H. Swartz formerly of Tyco International Ltd. have been sentenced to 8 1/2 to 25 years in prison for fraud. They were convicted of 22 criminal charges of fraud over $150 million and were served fines and restitution totaling $240 million.

Legal issues & crime, Executive changes & profiles, Police Protection, Legal/Government Regulation, Bermuda, Fraud, Officials and employees, Company legal issue, Cases, Discipline, TYC, Swartz, Mark H., Kozlowski, L. Dennis, Tyco International Ltd. (Pembroke, Bermuda)

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Krispy Kreme shows holes in U.S. sales

Article Abstract:

Krispy Kreme's sales at some its stores in the U.S. have been unexpectedly slow. For the 13-week period ending August 4, 2003, forty Krispy Kreme chains posted around $35,000 in weekly retail sales. This was well below expectations.

Sales, profits & dividends, Company sales and earnings, Company earnings/profit, Bakers and bakeries, Bakeries, Krispy Kreme Doughnut Corp.

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