- Cape student sues, accuses school officials of slamming her to ground multiple times (04/28/16)47
- Neelys Landing man shot, killed by highway patrol trooper after traffic stop (05/01/16)42
- Bob Evans restaurant in Cape Girardeau among chain's 21 closings (04/26/16)9
- Missouri House votes to allow concealed weapons without permits (04/28/16)8
- Police report filed, but no charges in incident at Cape Central (04/29/16)40
- Two hurt in motorcycle wreck on Interstate 55 (04/25/16)1
- 2016 All-Missourian Boys Basketball (04/29/16)
- Senator introduces bill for I-57 that would connect Sikeston with Little Rock (04/28/16)4
- Law firm requests information about Cape's traffic cameras (04/25/16)3
- Local lawmakers split over failed medical marijuana bill; voters may have a say (04/26/16)19
AOL may have improperly recognized some revenues
NEW YORK -- AOL Time Warner Inc. acknowledged Wednesday that it may have improperly recognized revenues from three transactions at its America Online unit, whose accounting practices are being scrutinized by federal regulators.
AOL Time Warner said in a statement that the transactions in question totaled approximately $49 million occurring over a period of a year and a half. The company said it was still examining those and other transactions at AOL and has not yet made a determination on if they were accounted for properly.
AOL Time Warner's finances have been called into question after a series of articles appeared in The Washington Post last month detailing unusual techniques the AOL division used for accounting for revenues.