BRIEFCASE HOMESTORE.COM OVERSTATED GAINS.Byline: - Staff and Wire Services WESTLAKE VILLAGE - Homestore.com Inc. said Wednesday that it overstated o·ver·state tr.v. o·ver·stat·ed, o·ver·stat·ing, o·ver·states To state in exaggerated terms. See Synonyms at exaggerate. o revenue in the first three quarters of 2001 by as much as $95 million and could restate additional financial results for 2000. Gary Gerdemann, a spokesman for the online real estate company, said an internal investigation has determined that between $54 million and $95 million of barter transactions in the first three quarters of 2001 were booked incorrectly as advertising transactions. The restatement Restatement A revision in a company's earlier financial statements. Notes: The need for restating financial figures can result from fraud, misrepresentation, or a simple clerical error. could amount to as much as 27 percent of Homestore's revenue during the first three quarters of 2001. For the nine months ended Sept. 30, the company initially reported sales of $350.9 million and a net loss of $245.8 million. Homestore alerted the Securities and Exchange Commission of the mistake Dec. 21, Gerdemann said. Three days later, Nasdaq halted trading in shares of the online real estate company indefinitely. The exchange has requested information about the firm's accounting practices, Gerdemann said. The company said it is still too early to know what size any restatements for 2000 might be. `Rings' continues hold on box office ``The Lord of the Rings: The Fellowship of the Ring'' easily held the top spot at the box office over the five-day New Year's holiday, earning nearly $56.9 million. The sword-and-sorcery epic based on the J.R.R. Tolkien novel has grossed nearly $174.1 million in its two weeks of release, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. box-office analyst ACNielsen EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. Inc. Two sequels by ``Fellowship'' director Peter Jackson, ``The Two Towers'' and ``The Return of the King,'' are set for release in December 2002 and 2003. Overall, the New Year's weekend box office was 34 percent higher than last year, when Tom Hanks' ``Cast Away'' and Mel Gibson's ``What Women Want'' topped the list. However, that holiday was one day shorter than this year's. A.V. Hospital joins Blue Cross in deal LANCASTER - Antelope Valley This article is about the Los Angeles County region. For the census-designated place in Wyoming, see Antelope Valley-Crestview, Wyoming. The Antelope Valley Hospital and Blue Cross of California have reached agreement on a new two-year contract, the top hospital administrator said. The contract contains a general increase in rates to cover increases in expenses, but rate changes differ by individual services. The benefits package available for Blue Cross subscribers remains the same under the new contract, Abraham said. About 10 percent of Antelope Valley Hospital's patients last year were Blue Cross subscribers. CKE CKE Clock Enable (memory signal) CKE Carl Karcher Enterprises, Inc. (restaurant chain) CKE Certified Kitchen Design Educator CKE Catia Knowledge Engineering CKE Content and Knowledge Engineering Restaurants gets bank loans ANAHEIM - CKE Restaurants Inc., which owns Carl's Jr. and Hardees, announced Wednesday that it received $100 million in bank loan commitments to replace a $120 million credit that matures Feb. 1. The participating banks are the same ones that provided the old loan and include FirstBank and Trust, Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. Bank and U.S. Bank, according to CKE. The new loan is for a two-year term and is extendible to five years under certain circumstances. CKE Restaurants, which owns about 3,400 quick-service restaurants, had approximately $250 million in debt about a year ago, said CKE President Andrew Puzder Andrew Puzder received his juris doctorate in 1978 from Washington University School of Law in St. Louis and is a member of the California, Nevada and Missouri Bar Associations., and has served as CEO of CKE Restaurants since September 2001. . Convertible car seats recalled WASHINGTON - Britax Child Safety Inc. is recalling almost 5,000 convertible car seats that do not meet government safety standards Safety standards are standards designed to ensure the safety of products, activities or processes, etc. They may be advisory or compulsory and are normally laid down by an advisory or regulatory body that may be either voluntary or statutory. . The recall involves the Advantage Model E9022, made last year from March 5 to July 26. Tether tether to tie an animal up by the head or neck so that it can graze but not move away. See also barton tether. brackets installed during that time could allow the tether attachments to separate from the seat shell in a crash. Owners can find the date of manufacture on the label on the side of the seat. Britax will mail free repair kits to owners who registered the seats. Others should call (888) 427-4829. |
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