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Reuters ahead with Zale probe, shares plummet 10.30.2009 Reuters was ahead with news on Oct. 30 that jewelry store operator Zale Corp was being investigated by the SEC for accounting irregularities. Reuters sent a headline on the news when it was mentioned in a throwaway line during the company’s quarterly earnings call with analysts and Zale shares plunged, ending down 26 percent on the day. Neither Dow Jones nor Bloomberg wrote anything after the initial comment was made and Bloomberg’s first mention sometime later referenced Reuters as the source MARKET IMPACT Zale shares plunged, ending down 26 percent on the day Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

Equity & Derivatives

Companies, sectors, M&A and the financial industry

Reuters ahead with Zale probe, shares plummet

10.30.2009

Reuters was ahead with news on Oct. 30 that jewelry store operator Zale Corp was being investigated by the SEC for accounting irregularities. Reuters sent a headline on the news when it was mentioned in a throwaway line during the company’s quarterly earnings call with analysts and Zale shares plunged, ending down 26 percent on the day. Neither Dow Jones nor Bloomberg wrote anything after the initial comment was made and Bloomberg’s first mention sometime later referenced Reuters as the source