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AMEX halts trading in Edgewater, N.J.-based retailer Hanover Direct.
Publication: The Record (Hackensack, New Jersey) (via Knight-Ridder/Tribune Business News) Publication Date: 18-NOV-04 |
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COPYRIGHT 2004 The Record
Byline: Richard Newman
Nov. 18--Trading of Hanover Direct shares was halted Wednesday by the American Stock Exchange because of the Edgewater company's ongoing accounting problems.
The catalog and Internet marketing company said in a Securities and Exchange Commission filing Wednesday that revenues over the past five years were $2.6 million less than previously reported, and it missed a deadline to file its third-quarter earnings report.
Hanover -- which employs more than 1,700 people and relies on the...
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