Associated Press/Dow Jones make an interesting correction


Here's a correction you don't see every day:

CORRRECTIVE: In an Aug. 16 story about the Philadelphia Stock Exchange hiring an advisor to help it find a buyer or arrange an initial public offering, Dow Jones/AP incorrectly reported how much the exchange lost after taxes last year. It was $424,000 rather than $424 million.

Off by a factor of 1000. No big deal, right? Jeff Skilling and Bernie Ebbers are reportedly upset that they never thought to just make a correction to the financial statements at Enron and Worldcom. They tried the "didn't know how to use Quicken" excuse made famous in Fun with Dick and Jane, but regret that they didn't try a simple correction.

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DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 13, 2012: 07:36 AM

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