NEWS WATCH

FLEMING TO REVISE RESULTS BY $1 BILLIONng Cos. here last week said it would revise its previously reported fourth-quarter and annual financial results for 2002 to reflect non-cash charges totaling more than $1 billion. They include a $645 million adjustment for the impairment of goodwill, a $90 million charge to reflect a reduction in the value of its retail operations that are for sale, and a charge

FLEMING TO REVISE RESULTS BY $1 BILLION

ng Cos. here last week said it would revise its previously reported fourth-quarter and annual financial results for 2002 to reflect non-cash charges totaling more than $1 billion. They include a $645 million adjustment for the impairment of goodwill, a $90 million charge to reflect a reduction in the value of its retail operations that are for sale, and a charge of $275 million to $325 million for its deferred-tax assets. The company also s

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