金融英语辅导:经济英语报道.docx
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金融英语辅导:经济英语报道.docx

金融英语辅导:经济英语报道.docx

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金融英语辅导:经济英语报道金融英语辅导:经济英语报道Whatdoesitmeanwhenacompanyrestatesitsearnings??Americancompanieswhosestockistradedbythepublicprovideayearlystatementoftheirfinancialhealth.?TheUnitedStatesSecuritiesandExchangeCommissionrequiresthisfinancialstatement.?ItiscalledFormten-k.Itprovidesthegovernmentandthepublicwithacompany’searningsandimportantfinancialinformation.?InlateMarch,thecountry’slargestinsurancecompany,AmericanInternationalGroup,saiditwoulddelayreleasingitsfinancialstatementpossiblyuntilAprilthirtieth.TheS.E.C.andtheattorneygeneralofNewYorkStatehavebeeninvestingA.I.G.?Thecompanymayhavetochangefinancialstatementsgoingbacktonineteenninety-one.A.I.G.hasadmitteditincorrectlyreportedtwofinancialdealswithaninsurancecompanycalledGeneralReafewyearsago.?A.I.G.reportedearningsoffivehundredmilliondollarsonthedeals,butitappearsnobusinesswasdone.?A.I.G.nowsaysthedealsshouldnothavebeenreportedasearnings.InvestigatorsareexpectedtoaskformerA.I.G.chiefMauriceGreenbergaboutthedeals.?TheyarealsoexpectedtoquestionWarrenBuffett,whosecompany,BerkshireHathaway,ownsGeneralRe.A.I.G.alsohasadmitteditmayhaveincorrectlyreporteditsbusinesswithacompanyinBarbados.?UnionExcessReinsuranceCompanyisnotdirectlyownedbyA.I.G.?Butanotherbusiness,StarrInternationalCompany,holdsamajorinterestinit.?StarrInternationalalsoownstwelvepercentofallA.I.G.commonstock.?ManytopA.I.G.officialshavepositionswithStarr.?A.I.G.saysitmayberequiredtoincludeUnionExcessaspartofitsownbusiness.?A.I.G.saysitmayhavetorestateitsfinancesbyatotalofmorethanonethousandsevenhundredmilliondollars.Expertssaythisdoesnotharmthecompany’sfinancialhealth.?A.I.G.isvaluedatalmosteighty-threethousandmilliondollars.?Butthecompany’sstockpricehasdroppedbyabouttwentypercent.TheboardofdirectorsreplacedlongtimechiefexecutiveMauriceGreenberganditschieffinancialofficeronMarchfourteenth.?MisterGreenbergretiredasboardchairmantwoweekslater.?TheboardnamedMartinSullivanaspresidentandchiefexecutive.?