Office Depot Restates 2010 Results, Denial of Tax Claim Turns Net Earnings into a Loss

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One of the printer hardware and supplies industry’s biggest distribution channels announced that it has to restate its financial results for fiscal 2010—turning a net profit into a loss. On March 31, Office Depot issued a press release reporting that the U.S. Internal Revenue Service (IRS) “has denied the Company's claim to carry back certain

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