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Accounting > Operating Interest
The following information is about Operating Interest.
Operating Interest Defined
is the legal right to assets used to produce revenuee.g.produce oil or gas from a wellaccompanied by the responsibilities to pay production costs and assume the risks.
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Raju confesses to biggest corporate fraud in India
Published January 7, 2009, 2:09 pm, The Telegraph
Jan. 7: Corporate chieftain B. Ramalinga Raju today stunned investors, clients and regulators with the revelation that he had padded profits and cooked up bank balances at Satyam Computer Services for years — and then promptly resigned from his position as chairman.
Robbins & Myers Announces First Quarter 2009 Results
Published January 7, 2009, 1:51 pm, PR Newswire via Yahoo! Finance
Robbins & Myers, Inc. today reported diluted net earnings per share of $0.50 for its fiscal first quarter ended November 30, 2008, as compared with $0.40 in the prior year first quarter.
UniFirst 1st-qtr profit rises 14 percent on improving laundry business and cost controls
Published January 7, 2009, 1:46 pm, Canadian Business
UniFirst Corp., which supplies uniforms and protective clothing, said Wednesday its fiscal first-quarter earnings rose 14 percent due to improving
UniFirst 1st-quarter earnings rise 14 percent
Published January 7, 2009, 1:43 pm, INO News
(AP:WILMINGTON, Mass.) UniFirst Corp., which supplies uniforms and protective clothing, said Wednesday its fiscal first-quarter earnings rose 14 percent due to improving revenues in the company's laundry business and its focus on cost controls.
Satyam admits to Rs 8,000 crore scam
Published January 7, 2009, 1:19 pm, Navhind Times
HYDERABAD- In the country’s biggest corporate fraud involving about Rs 8,000 crore, iconic IT company Satyam was on Wednesday hurtling towards disaster following the shocking disclosure of accounts fudging by its founder Mr Ramalinga Raju, who then quit as the chairman - leaving an uncertain future for the company and its 53,000 employees.
Ruby Tuesday Reports Second Quarter Results Costs Reduced and Property Portfolio Restructured to Strengthen the Company
Published January 7, 2009, 1:06 pm, Business Wire via Yahoo! Finance
MARYVILLE, Tenn.----Ruby Tuesday reported revenue of $289.8 million for its second fiscal quarter ended December 2, 2008, versus $320.9 million for the same period a year ago, with the decrease reflecting a 10.8% decline in same-restaurant sales.
Immucor Announces Fiscal Second Quarter Results; Raises Fiscal 2009 EPS Guidance
Published January 7, 2009, 1:01 pm, PR Newswire via Yahoo! Finance
Immucor, Inc. , a global leader in providing automated instrument-reagent systems to the blood transfusion industry, today reported financial results for the fiscal second quarter ended November 30, 2008.
Realigning Federal Agencies to Prevent Future Market Meltdowns
Published January 7, 2009, 12:14 pm, Newswise
The regulation of banks and other financial institutions in the United States is a "crazy quilt" of decentralized federal agencies that need to be reorganized to make future market meltdowns less likely, according to University of Iowa law professor and securities law expert Hillary Sale.
UniFirst Announces Financial Results for the First Quarter of Fiscal 2009
Published January 7, 2009, 12:00 pm, Business Wire via Yahoo! Finance
WILMINGTON, Mass.----UniFirst Corporation today announced revenues and earnings for its first quarter of fiscal 2009 which ended November 29, 2008.
Simple manipulation of revenues & earnings
Published January 7, 2009, 11:43 am, The Hindu
Operating profits were artificially boosted from the actual Rs 61 crore to Rs 649 crore. Chennai, Jan. 7 Just what exactly is the financial/accounting manipulation of Mr Ramalinga Raju?
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