Navistar unable to file 10K on time |
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Thu, 18 Jan 2007 07:26
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NEW YORK (AFX) - Truck and bus maker Navistar International Corp. said Wednesday that it was unable to file its annual report with the Securities and Exchange Commission on time as a result of its ongoing accounting review.Navistar said in an SEC filing that it was unable to timely file its report for the year ended Oct. 31, 2006 by Tuesday, and will be unable to file the report within the 15-day extension.The company said it will file its report for the year 'as soon as practicable' after the resolution of the accounting investigation and the filings of its reports for the 2005 fiscal year and the first three quarters of fiscal 2006.Navistar said in December that it would not meet the New York Stock Exchange's Feb. 1 deadline for the restatement of its 2005 financial results.The company, which is in danger of being delisted from the NYSE, is restating financial results back to 2002, due to accounting problems it uncovered in April.Navistar shares closed up 43 cents at $38.83 on the NYSE.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Fitch rates Navistar 'BB-' 