USA: Collins and Aikman makes quarterly profit - report
Vehicle interior parts specialist Collins & Aikman Corp. on Friday disclosed that it was conducting an inquiry into transactions between the company and two of its directors, and also posted a quarterly profit, Reuters reported. The supplier of convertible tops, instrument panels and other automotive parts reportedly said its audit committee was investigating assertions by two former executives concerning transactions between the company and affiliates of company director Elkin McCallum, and a related potential accounting implication, but did not elaborate.
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