McKesson falls $9B on accounting problem

Article Abstract:

McKesson HBOC lost $8.6 billion in market value on Apr 28, 1999, as its share price declined by 47% to $34.50, with a transaction volume of 41 million shares. The downturn comes as the company reported that it overstated year-ago sales figures at HBOC, its recently-acquired health software division, by at least $42.2 million. Company CEO Mark Pulido notes that the sales figures are not yet finalized and has been subject to so-called contingencies, while analysts note that the company's fiscal snag reflects the aggressive bill-and-hold accounting procedure that affected Sunbeam in 1997 and resulted in the departure of its CEO, Al Dunlap.

Drugs and Druggists' Sundries Wholesalers, Drugs Wholesale, Drug wholesalers, McKesson Corp.

---

Talbots profit falls on summer discounts

Article Abstract:

The author examines Talbots' second-quarter financial report for 2003. Topics include business losses, profits, and competition.

Apparel & Shoe Stores, Clothing and Clothing Accessories Stores, APPAREL AND ACCESSORY STORES, Labor Distribution by Employer, Competition (Economics), Finance, Statistics, Talbots Inc., Clothing stores, Company financing, Sales, Sales analysis, Business losses

---

Anheuser-Busch profit rises with prices

Article Abstract:

The author examines Anheuser-Busch Companies revenue report. Topics include pricing increases, profit levels, and market share.

Pricing Policy, Brewing industry, Breweries, Pricing, Anheuser-Busch Companies Inc., BUD, Market domination, Market share, Revenue, Product price

Similar abstracts:

• Abstracts: Bell Atlantic eyes Europe merger fight. Airbus comes of age with A-380. Pernod prowls in the USA
• Abstracts: Sears Canada posts another record profit for year, 4th quarter. Cognos posts 25% jump in revenue
• Abstracts: Nippon Phone looking for cash. High-Tech giants fail at mergers
• Abstracts: One woman's story - a continuing nightmare. Helping battered women. Is date rape really rape? ... experts disagree
• Abstracts: Lindy Hyam. In a cotton-pickin' class of his own

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.