Boston Communications says to restate some past results
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Boston Communications Group Inc.   BCGI.O, which sells billing systems to mobile phone   companies, said on Thursday it would restate certain past   financial results to reflect charges for stock-based   compensation costs.
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Research in Motion said it would restate $250 million in results, far more than it originally predicted, after a review of its stock-option grants.
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AES announced last night that it would restate its past financial results because of accounting "errors" that it said "would likely be material" for 2006, and it notified the Securities and Exchange Commission that it was seeking an extension to March 16 to report results.
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Nortel Networks Corp., which plans to shed some light tomorrow morning on its financial performance for the first half of the year, hinted yesterday that those long-awaited results could be short on details.
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Research in Motion Ltd.   on Monday said a review of stock options grants will cause it to restate its financial statements for fiscal 2004, 2005 and 2006 as well as the first quarter of 2007.
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SunTrust Banks Inc., the seventh- largest US bank, said it will restate results for the first and second quarters of this year because the lender mistakenly inflated its reserve for loan losses.
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Future growth prospects for the Boston-based financial service provider may not be robust.
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Mortgage giant Fannie Mae, under investigation by regulators and ordered to revamp its accounting, may have to restate its past earnings, a federal agency said Thursday.
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Boston Scientific Corp.  on  Thursday issued preliminary sales and earnings results for the  third quarter that are below Wall Street expectations.
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Â· Corporation seeks to repair damaged relationsÂ· Clips misrepresented sequence of events
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In a Jan. 14 story, The Associated Press, relying on information from Comcast Corp., erroneously reported the company had received letters of inquiry from the Federal Communications Commission. The company received one letter, not multiple, regarding complaints that it actively interferes with its subscribers' Internet traffic.
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By Frank Michael Russell, San Jose Mercury News, Calif.  Sep. 10--Here's a quick rundown of news you may have missed last week, culled from reports by our staff and wire services.
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By Frank Michael Russell, San Jose Mercury News, Calif.  Sep. 24--Here's a quick rundown of news you may have missed last week, culled from reports by our staff and wire services.
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In a May 21 story about municipal wireless projects, The Associated Press erroneously reported that EarthLink Inc. suspended new bids. The company said it won't seek as many bids, but isn't completely ruling out new ones.
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Nortel Networks will restate its results for the fourth time in four years, a move that will delay the filing of its 2006 annual report.
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Leap Wireless International Inc  said  it restated some of its annual and quarterly financial  statements to correct errors related to the timing of  recognition of certain service revenue and determination of a  tax valuation allowance in the second quarter.
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Research in Motion Ltd., , maker of the Blackberry email device, said on Monday it would restate its financial statements for fiscal 2004, 2005 and 2006 and the first quarter of 2007, following a review of stock options grants.