Shares in AOL Time Warner plunge

Shares in the world’s largest media company plunged today as it faced a probe into its accounting practices in part linked to its dealings with Wembley plc.

Shares in AOL Time Warner plunge
Thu, 25 Jul, 2002 - 20:38

Shares in the world’s largest media company plunged today as it faced a probe into its accounting practices in part linked to its dealings with Wembley plc.

US financial regulators are investigating allegations that AOL Time Warner inflated the advertising revenue for its America Online division.

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CourtsHeathrowPlace: USPlace: UKPlace: Wembley ArenaPlace: Conference CentrePlace: north LondonPlace: WimbledonPlace: WembleyPerson: Richard ParsonsPerson: ParsonsPerson: Bob PittmanOrganisation: AOL Time WarnerOrganisation: Wembley PLCOrganisation: America OnlineOrganisation: Securities and Exchange CommissionOrganisation: AOLOrganisation: MoviefoneOrganisation: Washington PostOrganisation: WembleyOrganisation: eBayOrganisation: SECOrganisation: WorldComOrganisation: Xerox
<p>Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.</p>

Profits rise to €19.8m at Cork-headquartered PFH Technology

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