The firm found that through the year's third quarter, the number of warnings fell due to positive economic conditions. During this third quarter, 62 warnings were reported, representing a 22% fall on the second quarter and a 28% fall on the same quarter last year. Most of the decline came from medium-sized companies. The millennium has been blamed for having a direct impact on profit warnings over the third quarter with effects felt beyond IT-related sectors. The report did, however, find a high number of repeated warning over the longer term - 16 companies issued their second or third warning this year. Alan Bloom, partner in Ernst & Young's corporate restructuring practice, said: 'The decrease in profit warnings is a reflection of increasing economic prosperity. But companies must not rest on their laurels, and they should be prepared to anticipate any future events, such as a possible rise in interest rates.'
Astronomers studying first-ever reported merger of two neutron stars claim to have detect light and gravitational waves
Allen died from complications of non-Hodgkin's lymphoma
Stanford researchers made the discovery via data from Greenland
Created via a thin, flexible, and transparent hierarchical nanocomposite film