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Post by The Ultimate Nullifier on Dec 9, 2013 7:44:06 GMT -6
The Securities and Exchange Commission is investigating the accounting at book giant Barnes & Noble, the company disclosed on Friday. The investigations are targeting two areas: the company’s restatement of earnings last summer, and a former non-executive employee’s allegation that the company was allocating expenses between its bookselling operations and the Nook division improperly. Investors punished the stock after the announcement, trimming nearly 12% from the price on Friday. Attachments:
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