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July 2008 Corrections Page

 

A July 21 column, FASB Change: Transparency at a Cost, incorrectly stated that JPMorgan (JPM) CEO Jamie Dimon told investors on the company's earnings call the prior week that he doesn't think the FAS 140 accounting rule change would be that consequential. "The new changes coming up could have an impact. It could be material," Dimon was quoted in the article. "A lot of it will be one shot, just one time. It will hurt you for a year or something like that, but it really remains to be seen how it gets implemented and really how competitors react." This quote actually refers to his opinion on the Federal Reserve's proposed rules related to credit-card billing practices. TheStreet.com regrets the error. (Corrected July 21)


A July 17 column, Altria's the Real Deal, should have noted that Altria's (MO) 52-week-high around $80 was prior to the company's spinoff of Philip Morris International (PM) in March. Adjusting for that spinoff, Altria shares have ranged from $19.47 to $24.55. ...

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