Former Dynegy executive faces decades in prison over Project Alpha fraud
Houston based trials crown Jamie Olis with up to thirty years for conspiracy and multiple fraud charges tied to a deal that inflated cash flow by 300 million and cut taxes by 79 million. Olis argued the investor losses extend beyond the 2004 Enron era. Olis, 38, awaits sentencing.
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Houston
Dynegy Inc
Jamie Olis
Dynegy
Olis
Otis
Enroneésaue Natural
Project Alpha
EU fines Microsoft 613 million for antitrust case
The European Union fined Microsoft 613 million dollars for abusing its Windows monopoly. The ruling orders a version of Windows without the digital media player and media software for European manufacturers within 90 days and signals potential further court action amid ongoing concerns about anti-competitive behavior.
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Brussels
Belgium
European Union
Microsoft Corp
U.S
Microsoft
EU Antitrust Office
Behalor
Standard & Poor
Spanish language readers drive surge in U S newspapers
Naomi Osorio, a Nicaragua-born cosmetics vendor in Southern California, typifies readers fueling a boom in Spanish language newspapers across the United States. She reads in Spanish for relatable news on immigration laws and Latin pop stars.
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Los Angeles
Naomi Osorio
United States
Osose
California
Nicaragua
Associated Press
Stocks End Mixed as Terror Fears Offset Strong Data
Wall Street closed with mixed results as terrorism fears and a EU antitrust fine on Microsoft offset upbeat durable goods orders. The Dow fell while the Nasdaq rose on semiconductor gains, amid ongoing geopolitical tensions and market jitters.
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Microsoft Corp
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Boston Company Asset Management
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Hamas
Sheik Ahmed Yassin
United States
Peter Cardillo
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R Warn
Oracle
Sunita
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SnAg
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Ras
Rey
Athens
Volum
Crude futures fall on data showing inventory build
U S crude futures settled about 1 percent lower as weekly data showed a 7 plus million barrel build in inventories. Oil and gasoline contracts fluctuated with OPEC cut expectations as traders weigh output guidance against ample crude supply.
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U.S
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May
New York Mercantile Exchange
London
International Petroleum
Organization of Petroleum Exporting Countries
OPEC
Uns
Phil Flynn
Alaton Trading Corp
Chicago
Associated Press
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