Cendant Suffers Stock Meltdown

The parent company of Sierra On-line and Blizzard Entertainment suffered a stock price meltdown Thursday on Wall Street.

Cendant Corp. stock tumbled almost 50 percent after the company disclosed what it is calling "potential accounting irregularities" in its core membership-club operations - operations that are fairly independent of the gaming divisions. Cendant stock closed Thursday at 19 1/16, down 16 9/16 points.