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AOL Time Warner fights back on US accounting probe. (News).
AOL Time Warner chief Richard Parsons has gone on the offensive to defend his company's accounting and financial practices, after the Securities & Exchange Commission launched an inquiry last week.
The media giant's share price took a battering on the New York Stock Exchange last Thursday, as news of the probe broke and Parsons issued a statement defending his company's actions.
The CEO stressed that the group had begun co-operating with the SEC prior to reports in the Washington Post that AOL had boosted revenue through a series of unconventional advertising deals between 2000 and 2002. He sought to placate investors by offering additional information in the interests of "transparency and clarity".
The news came as AOL reported stronger than expected profits but weak growth in the second quarter.
Meanwhile, Vivendi Universal CEO Jean-Rene Fourtou was facing up to his own company's problems as he vowed that it needed to make ...
- Picasso's Le Tricorne to Remain in New York City; Vivendi Universal Donates...
- Press release article from: Business Wire December 14, 2005 700+ words
NEW YORK -- Created in...art and culture, Vivendi Universal announced today...painting to the New York Landmarks Conservancy...landmark status by The New York City Landmarks...earlier time. Vivendi Universal has owned the painting...
- Flag half-staff at USA: Vivendi Universal folds New York-based independent.(USA...
- Magazine article from: Video Business Frankel, Daniel Netherby, Jennifer March 18, 2002 700+ words
...Home Entertainment, on the edge since Vivendi Universal acquired parent company USA Networks...be laid off. A source said USA's New York office would shut on April 15 though...premiere title each month. Officials for New York-based Screen Media said Universal...
- Vivendi update.(New York State Supreme Court Judge ruled that Vivendi Universal...
- Magazine article from: Los Angeles Business Journal September 22, 2003 700+ words
Vivendi Update: A New York State Supreme Court Judge ruled that Vivendi Universal SA must pay $22.8 million in severance to former Chief Executive Jean-Marie Messier, whose expansion plans to transform Vivendi...
- ADVISORY/Vivendi Universal Hosts Thanksgiving Luncheon For New York City's...
- News wire article from: Canadian Corporate News November 20, 2001 700+ words
NEW YORK, NEW YORK, NOVEMBER 20, 2001 Vivendi Universal will host 225 senior citizens...Vivendi Universal. Over 70 Vivendi Universal volunteers and their families...the turkey luncheon, for New York City's elderly who would...
- Vivendi Universal Hosts Special Music Concert Tonight At New York's Waldorf...
- News wire article from: Canadian Corporate News January 31, 2002 700+ words
NEW YORK, NEW YORK, JANUARY 31, 2002 Vivendi Universal (NYSE:V; Paris Bourse...Messier, Chairman and CEO of Vivendi Universal, said, "We are delighted to be able to bring together to New York tonight talented artists from...
- Viv U mulls NYSE delisting.(Vivendi Universal S.A. to delist at New York Stock...
- Magazine article from: Daily Variety Goldsmith, Jill January 18, 2006 700+ words
Vivendi Universal said it may delist its shares on the New York Stock Exchange--marking the formal end of the French...Warner. He also scandalized French elites by moving to New York to woo investors Stateside. Still, many U.S. and...
- French/Canadian Vivendi Universal giant born.(Brief Article)(Statistical Data...
- Newspaper article from: Screen Digest December 1, 2000 700+ words
Vivendi Universal was listed on Paris, New York and Toronto stock exchanges 11 December 2000 after shareholders...to-media group Vivendi and pay TV company Canal Plus. Vivendi Universal (France; +33/1 71 71 10 00; www.vivendiuniversal...
- Vivendi Universal Comments on U.S. Federal Trade Commission Decision Regarding...
- News wire article from: Canadian Corporate News October 23, 2001 700+ words
...also be obtained free of charge from Vivendi Universal. CONTACT: Vivendi Universal, New York Anita Larsen Media Relations (212) 572-1118 or Vivendi Universal, New York Mia Carbonell Media Relations (212...