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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 03, 2002
Page
11
A dense OCR scoop lists mutual funds, indices, and asset categories with varied gains and losses. Numerous firms such as Fidelity Advisor, Vanguard, Dimensional, BlackRock, and PIMCO appear alongside fund groups, performance figures, and daily shifts.
Washington AP reports a August 14 deadline for chief executives and chief financial officers to certify accuracy of recent financial reports as part of a sweeping SEC rule. The move follows a wave of scandals from Enron to WorldCom, Kmart, and Adelphia, with potential restatements and prosecutions possible for false certifications. General Electric filed its CEO and CFO statements. the list covers 947 large firms, many facing restatement risk and market volatility amid investor anxiety.
Lawsuits rise as workers claim overtime pay from employers across industries. RadioShack settled for 29.9 million for 1,300 managers in California after alleging executives controlled hours. Other cases include Starbucks 18 million, SBC Pacific Bell 35 million, Eckerd 8 million, and Credit Suisse First Boston suits. Federal law exemptions for salaried and outside sales workers fuel disputes over who qualifies for overtime and who bears the cost of long hours.
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