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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Sep 13, 2002
Page
10
The text shows a dense OCR scrape of stock tickers, company names, and mixed figures. It lists numerous firms such as CIGNA, Citigroup, Coca-Cola, Colgate, Colgate Palmolive, Nike, and others with varied price-like numbers and codes, implying a scanned financial page fragment with incomplete data and garbled punctuation. The result captures entities and partial values without coherent narrative.
A garbled OCR snippet covers mutual funds and market terms with scattered figures and terms. It references 52-week data, net worth cues, and various ticker-like strings, but lacks coherent narrative or clear events.
Three former Tyco International leaders face charges of enterprise corruption and grand larceny, accused of looting the conglomerate for hundreds of millions. The SEC also says they hid large sweetheart loans and other withdrawals from investors, with former CEO L Dennis Kozlowski, CFO Mark Swartz, and general counsel Mark Belnick implicated.
Three former officers pleaded not guilty at arraignment after being accused of using 14 million in company loans at below market rates to buy a New York City apartment and a 10 million Park City Utah home where one already owned a residence. If convicted Kozlowski and Swartz face up to 25 years in prison Belnick up to four. Judge Obus set personal recognizance bonds at 100 million each secured by 10 million in personal funds for Kozlowski and Swartz Belnick released on unsecured 1 million bond.
Wall Street fell sharply as two weak economic reports and President Bushs UN speech urging action against Iraq spooked investors. The Dow dropped 201.76 points to 8379.41, while the Nasdaq and S&P 500 also declined amid growth concerns and lingering terror attack effects.
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