CLARIFICATION of BW0295, VA-CHESAPEAKE.Business Editors CLARIFICATION Clarification The removal of small amounts of fine, particulate solids from liquids. The purpose is almost invariably to improve the quality of the liquid, and the removed solids often are discarded. ...by Chesapeake Chesapeake, ship Chesapeake, U.S. frigate, famous for her role in the Chesapeake affair (June 22, 1807) and for her battle with the H.M.S. Shannon (June 1, 1813). The Chesapeake left Norfolk, Va. Corporation In Chesapeake Corporation's Second Quarter 2000 Earnings release, under the subheading sub·head·ing n. See subhead. subheading Noun the heading of a subdivision of a piece of writing Noun 1. of "Finance," the release stated "the Company had 15.6 million shares in the open market and was authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: to purchase an additional 500,000 million shares in open market or privately negotiated transactions." The release should have stated "the Company had 15.6 million shares in the open market and was authorized to purchase an additional 500,000 shares in open market or privately negotiated transactions." |
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