Cendant figures

Friday 14 August 1998 00:02 BST

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

CENDANT, the US brand franchiser and marketer which agreed to buy the RAC, said it cleansed its books of fraudulent accounting, lowering earnings reported for the past three years by about $600m (pounds 368m).

Cendant cut its 1997 earnings by $392m before tax. Excluding special charges and businesses it plans to sell, Cendant's 1997 earnings were 70 cents a share, down from the $1 figure reported earlier.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

Cendant figures

Join our commenting forum

Thank you for registering