Wednesday, February 4, 2009

Mine the GAAP : The new KABOOM economy

By John Spence
Last update: 10:46 a.m. EST Feb. 3, 2009

BOSTON (MarketWatch) -- Standard & Poor's Index Services on Tuesday said it expects the companies in the S&P 500 Index to post their first-ever negative "as reported" GAAP earnings for the fourth quarter of 2008 as the economy continued to weaken.

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