Enron founder details losses and writedown before bankruptcy
Jurors hear Kenneth Lay described hundreds of millions in quarterly losses and a $1.2 billion writedown six weeks before Enron's 2001 bankruptcy. Prosecution says he hid bad news from investors while Wall Street hoped for improvement. Google stock slides amid caution and Barron's risks, knocking market value and investor confidence.
MENTIONED IN THIS ARTICLE
Enron Corp
Kenneth Lay
Linda
Wall Street
Lay
Jeffrey Skilling
Google Inc
Barron's
Google
Roche halts recruiting for Avastin cancer trials
Roche Holding AG said it stopped adding patients to its AVANT Phase I trial testing Avastin with other drugs for post-surgical colon cancer after four patient deaths in one trial segment. A safety data review will follow.
MENTIONED IN THIS ARTICLE
Roche Holding AG
Basel
AVANT
Justice extends Whirlpool Maytag merger review
Whirlpool Corp and Maytag Corp said the Justice Department will extend its review of their $1.79 billion proposed merger to March 30. They agreed not to close before that date. The Wall Street Journal reported a possible legal challenge from federal regulators as the DOJ seeks sworn statements from rivals and customers.
MENTIONED IN THIS ARTICLE
Whirlpool Corp
Maytag Corp
Justice Department
Whirlpool
Maytag
Wall Street Journal
Department of Justice Antitrust Division
Contact information for editor Mark Fagan
The message provides contact details for Mark Fagan, the business editor, including phone number 832-7188 and email mfagan at ijworld dot com.
MENTIONED IN THIS ARTICLE
Mark Fagan
Mfagan
Ijworld.com
Bush Sees Housing Slowdown Amid Strong Economy
The White House forecast a gradual housing slowdown with home sales at peak levels fading slowly. President Bush’s economic report says housing supports growth, with mortgage rates aiding brisk activity and a 3.4 percent economy growth projected for this year and 3.3 percent in 2007, while health care costs retirements and deficits pose risks.
MENTIONED IN THIS ARTICLE
Bush
Congress
Matthew Slaugh
Ter
White House
Council of Economic Advisers
Robots cleaning up as sales rise for home vacuuming bots
An article notes rising sales of household cleaning robots from iRobot, maker of Roomba and Scooba. It cites 1.5 million Roomba units sold, explains features like dirt detection and auto docking, and quotes experts and retailers on performance and price range.
MENTIONED IN THIS ARTICLE
iRobot
Massachusetts Institute of Technology
Arvin Agah
Kansas University
Agah
Roomba
Clayton Kimmi
Home Depot
Lawrence
Kimmi
Richard Gwin
Journal World
Money and love tested by Valentine survey findings
Fair Isaac and myFICO released Heart/Credit Connection results from 1,022 adults polled by Opinion Research Corp. The study shows money concerns strain relationships more than infidelity, with 37 percent of lower income respondents citing late bill paying as a stress factor.
MENTIONED IN THIS ARTICLE
Fair Isaac Corp
FICO
Myfico
Fair Isaac
Opinion Research Corp
Chicago futures mixed as grains rise and livestock ease
Chicago Board of Trade soybeans rose while other grain futures fell with March wheat at 3.48 per bushel and corn at 2.20 3/4. Beef futures slipped on the CME and pork futures mixed. live cattle and lean hogs posted declines, pork bellies rose. Local elevator quotes show scattered price levels for wheat corn and soybeans across Ottawa Edgerton Overbrook Midland and Lawrence elevators. Nonferrous metals quotes list gold 539.00, silver 9.100, platinum 1014.70 per troy ounce.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago Mercantile Exchange
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland
Lawrence North
Also Mentioned on This Page
Enron
Thue
Washington
Jworld.com
Dave Toplikardtoplikar
ASAHI
Michelle Singletary Singletarym
Washpost.com
Lawrence South
Pauline
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