Jurors weigh Martha Stewart fate in ImClone case
Jurors in New York began deliberations on whether Martha Stewart lied about a Dec 27 2001 ImClone stock sale. They requested testimony readbacks from Douglas Faneuil and charts of key phone calls as prosecutors argue she and Bacanovic misled investigators. The charges carry up to 20 years in prison, with potential impact on Stewart Living Omnimedia.
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Martha Stewart
Miriam Goldman Cedarbaum
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ImClone
Sam Waksal
Fed survey lifts stocks but can’t counter rate worries
A Federal Reserve business climate survey painted modest gains in manufacturing and consumer spending while job growth stayed sluggish. Analysts said the data offered little upside surprise and failed to convince investors to push major indexes higher. The Dow rose slightly, while the Nasdaq and S P 500 moved in mixed directions as markets awaited a key jobs report.
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Gartmore Funds
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Eisner rebuked by 43 percent of Walt Disney stockholders
In Philadelphia at the Walt Disney Co meeting 43 percent of stockholders withheld support for Michael Eisner. The vote marked a larger than expected no confidence showing for Eisner amid a shareholder revolt led by former directors Stanley Gold and Roy E. Disney. Eisner faced no immediate danger as he ran for re election unopposed.
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Dante
Former WorldCom CEO Ebbers pleads not guilty
Bernard Ebbers, former WorldCom chief executive, pleads not guilty to federal fraud charges in New York. He is released on $10 million bail after surrendering to the FBI amid the backdrop of CFO Scott Sullivan's guilty plea and agreement to testify against Ebbers.
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WorldCom
Bernard Ebbers
Ebbers
FBI
Scott Sullivan
Reid Weingarten
Associated Press
Oil futures slide as U S inventories ease and dollar strengthens
In New York, April light crude and gasoline futures fell sharply as funds liquidate bets on higher prices. Analysts cite a firmer dollar and neutral to bearish U S stock draws, with gasoline draws seen insufficient to support prices.
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Aalysts
U.S
Fea Societe
Joshua Sadier
U S
Sadler
Tim Evans
FR Energy Services
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