Xerox admits accounting blunder overstated revenue by 6.4 billion
Xerox Corp says it overstated revenue by 6.4 billion over five years and must restate 1.9 billion in future revenue. The error came from recognizing income from equipment leases upfront rather than over their life. Regulators had been alerted two years ago and the market reacted as shares fell.
MENTIONED IN THIS ARTICLE
Stamford, Conn
Xerox Corp
America
Xerox
James Lundy
Gartner
Enron
WorldCom
Securities and Exchange Commission
Gas Discounts At Local Wholesale Clubs Amid Higher Ohio Prices
AAA Ohio survey shows Northeast Ohio regular gas at 1.31 at BJ's Avon and 1.29 at Sam's Club Sheffield, cheaper than regional average 1.46. Mid and premium at 1.56 and 1.66. Stores cite bulk buying and member discounts with annual fee. Local contact Laura Schneider.
MENTIONED IN THIS ARTICLE
Bj's
Avon
Colorado Ave
Sam’s
Cobblestone Square
Sheffield
Ohio
AAA Ohio Motorists Association
Ed’s
Jason Takach
Bj’s
Jeffrey Berman
Takach
Baby bomber photo stirs debate on death by own action bomber
A photograph showing a baby dressed as a death by own action bomber has sparked widespread controversy. The image prompts discussion about symbolism and potential links to violence. A related note mentions a Manson family member being denied parole again, reported in World and Nation.
MENTIONED IN THIS ARTICLE
World
Thome Shuey Vizquel say they want to remain Indians
Cleveland players Jim Thome Omar Vizquel and Paul Shuey express a collective desire to stay with the Indians amid a rebuilding phase after Bartolo Colon’s trade to Montreal. Each holds a no trade or veto clause potentially blocking deals as GM Mark Shapiro weighs maneuvers. Vizquel notes nearing career end while Thome insists he will try to remain with the Tribe.
MENTIONED IN THIS ARTICLE
Cleveland Indians
Jim Thome
Fenway Park
Thome
Cleveland
Mark Shapiro
Omar Vizquel
Paul Shuey
I.c
Pasalu
Indians
Bartolo Colon
Montreal
Toster
The
Tribe
Vizquel
Shuey
Parker Hannifin Found 75 Percent Liable in 1994 Flight Crash
A Pittsburgh jury ruled Parker Hannifin 75 percent liable for the US Airways crash near Pittsburgh International Airport, with Boeing 25 percent liable but already settled. The verdict absolves the airline and pilots of further liability, while settlements to victims’ families exceed $1 million per passenger. Parker Hannifin faces airframe component responsibility across Northeast Ohio facilities.
MENTIONED IN THIS ARTICLE
Pittsburgh
Boeing Co
US Airways
Valve Deaig
Parker
Hannifin Corp
Valve
Parker Hannifin
Burse
Ohio
Elyria
Pittsburgh International
Boeing
Liz Verdier
Sidewalk repairs target Elyria for accessible routes
In Elyria 72 year old Robert Hungerford relies on a motorized scooter due to emphysema diabetes and heart disease. City officials plan fall repairs to six curb ramp sidewalk sections including West Avenue at Broad Street using about 60000 dollars in Community Development Block Grant funds. Bid results will determine how many walks are fixed this season.
MENTIONED IN THIS ARTICLE
Hungerford
Bill Grace
Hart Plaza
Chestnut Street
Elyria
Broad Street
West Avenue
Craig Sampson
City
Sampson
Iit
Prospect Street
Clark Street
Michigan Avenue
Park Avenue
Also Mentioned on This Page
Gartner Inc
Xerox. Ab
Stamford
Laura Schneider
Metro
Chronicletelegram.com
Elyrian
Christina Jolliffe
Chronicle-Telegram
Robert Hungerford
Lee Sidewalk
Rachel Ortega
Chronicle
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