ENTERTAINMENT AND MEDIA
From Times Staff and Wire Reports
Maxwell Losses Reported: An auditors’ report on Maxwell Communication Corp. says $1.86 billion (1 billion pounds) has been lost from shareholders’ funds, a British newspaper reported. The Sunday Times said it saw a copy of a report that auditors Price Waterhouse gave bank creditors last week. It said $1.42 billion (763 million pounds) was improperly removed from shareholders’ funds, and another $446 million (240 million pounds) was “lost” due to property write-downs and foreign exchange losses.
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