NEW YORK -- What's a half billion dollars between friends? Kmart Corp.'s expected financial restatements, which reflect an accounting change on vendor allowances and rebates, upped its losses for the ...

The bankrupt discount retailer released its 2001 earnings Wednesday in its annual report that also included some amended earnings for the first three quarters of 2001 as a result of an investigation ...

TROY, Mich. -- Kmart Corp. here said last week it will record charges of $600 million to $800 million in first-quarter 2002 for the 283 stores the company announced in March that it would close.

CHICAGO - Kmart Corp. said today its new management needs more time to prepare the bankrupt retailer's 2001 annual financial report because it may need to restate quarterly results after an accounting ...

Kmart Corp. filed its official restated earnings for the first three quarters of 2001, reflecting changes in the way it reports vendor discounts. The first-quarter net loss is $233 million, restated ...

TROY, Mich. – Bankrupt retailer Kmart Corp. (KM) said on Wednesday it may need to restate past results after a probe of its accounting practices, leading to fears of further big losses. Troy, Michigan ...

NEW YORK — A $42 million accounting misstatement in 2001 contributed to Kmart Corp.’s escalating financial problems and led to the indictment in Detroit Wednesday of two of its former vice presidents.