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* Restated profits $381 mln lower in November * Analysts blame over-ambitious revenue recognition * Dividends to be reined in as company rebuilds * Problems a warning for potential foreign investors By Matt Smith DUBAI, Feb 24 (Reuters) – An accounting scandal at Saudi Arabia’s Mobily is set to constrain dividend … Read entire story.
By Edward Hugh In an article entitled “Why Japan’s GDP Plunge Isn’t As Bad As It Seems”, Bloomberg writer Bruce Einhorn put it like this: The last time Japan raised the consumption tax, in 1997, the economy went into a tailspin. The impact doesn’t seem to be as bad this time, …
The US Dollar bull run was reinforced by an aggressively short retail crowd. The tides are turning, and that may be bad news for the buck.
Wisconsin Energy Corp., Oracle Corp., and General Electric Co. may all see active trading after deals, or talk of deals.