New Century Financial Plummets

Circuit City accelerates restructuring plan, Eastman Kodak cuts up to 30,000 jobs, and more of Thursday's stocks in the news

New Century Financial (NEW) shares tumbled after the company says it expects a fourth-quarter loss due to early payment defaults and loan repurchases. It plans to restate results for the first three quarters of 2006 to correct errors it discovered in its application of GAAP regarding the company's allowance for loan repurchase losses. Jefferies downgrades the stock to hold.

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