Tyco mistrial declared in high profile corruption case
New York judge halted the grand larceny trial of Tyco executives L Dennis Kozlowski and Mark Swartz just before a verdict citing a juror received a coercive letter and threatening call. Prosecutors plan a retrial as the case highlighted Tyco excesses including Kozlowski's shower curtain and a multimillion dollar party.
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Tyco
Michael Obus
Tyco International
L. Dennis Kozlowski
Mark Swartz
Kozlowski
Swartz
Associated Press
Strong jobs report lifts stocks on Wall Street
A better than expected March jobs report added 308000 positions and sent the Dow to 10470.59 on the day. The Nasdaq climbed 2.1 percent while the S&P 500 rose 0.8 percent as investors weighed higher unemployment against signs of a cooling Fed.
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Ryan Beck & Co
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West Virginia
Job surge of 308000 lifts payrolls in March
Payrolls rose by 308000 the fastest in four years, lowering unemployment slightly in March despite an uptick in the rate. The report shows broad gains across industries, with construction up 71000 and retailers boosted by the end of a California grocery strike, while part-time work and longer unemployment durations temper optimism.
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Gary Thayer
A.G Edwards & Sons Inc
St. Louis
Federal Reserve
March
Sung Won Sohn
Wells Farvo
Minneapolis
Sohn
California
Oil prices edge up as market seeks equilibrium
Oil futures finished slightly higher amid thin trades near 34 dollars a barrel as traders debated whether prices would rise or fall. A firmer dollar and possible energy policy changes pressured energy complex while analysts warned of tight gasoline supplies ahead of peak U.S. driving season.
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Alaron Trading Corp
Chicago
New York Mercantile Exchange
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