Brokers Charged Over Personal Trades on NYSE Floor
Eight New York Stock Exchange floor dealers and seven others face charges for using exchange positions to gain more than 17 million dollars in personal trades. Federal prosecutors and the SEC push a broader crackdown on securities fraud. Continental Airlines and its pilots union reach a tentative five year contract to protect pilots after the alliance with Northwest Air Lines.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Securities and Exchange Commission
Continental Airlines
Northwest Airlines
Continental
Len Nikolai
Northwest
AP Prieta
Oakford Corporation
William Klein
Thomas Block
Oakford
Richard A. Grasso
NYSE
U.S. Atty
Rose Gill-Hearn
New York
Boeing says production overhaul proceeding on schedule
Boeing Commercial Airplane Group reports progress on a production overhaul. Officials say overtime is down, parts shortages easing, and output to rise as 10 line tangles are resolved. Executives say recovery from last fall’s disruption is ahead of plan and monitored to prevent new bottlenecks.
MENTIONED IN THIS ARTICLE
Boeing Commercial Airplane Group
Boeing
Ron Woodard
Commercial Airplanes
Executives See Asian Turmoil As Light Threat
TheBusiness Council chief executives view Asia's financial turmoil as a small negative or mixed impact on growth. Only 9 percent see a large negative effect, and Asia accounts for about 10 percent of sales. Many use a strong dollar to buy assets in Asia, while views on whether the worst has passed vary.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Alan Greenspan
Business Council
Asia
Greenspan
Treasury Seere
Wall Street rallies as Dow tops record close again
Stocks reach new highs led by technology and financials with the Dow Jones at 8457.78 up 87.68. Analysts cite cash inflows and Asia crisis nerves while Greenspan warns of storm clouds massing in the Western Pacific and expects 2.5 percent growth this year. Home resales rise on low rates as 30-year mortgage rates hover near 7 percent.
MENTIONED IN THIS ARTICLE
New York (Or
Wall Street
Dow
Asia
Iraq
Mary Robert Rubin
Greenspan
U.S
Senate approves venture capital changes in Kansas
Senate approved two bills to pull the state from direct tech investments. Kansas Venture Capital Inc. would repay $5 million over five years, while Ad Astra funds totaling about $4.7 million could be sold to private investors with tax credits. Votes were 38-1 and 39-0 respectively.
MENTIONED IN THIS ARTICLE
Fopera
Senate
House
Kansas Venture Capital Inc
Karin Brownlee
R-Olathe
Ad Astra
Kansas Technology Enterprise Corp
Campbell-Becker Inc
Lawrence
BioCore Inc
Topeka Medical Products
Market and livestock quotes from regional elevators and markets
Commodity bids from Farmers Cooperative, Midland Elevator, and North Elevator show wheat soybeans milo and corn prices. Dodge City and Omaha Livestock Market reports cover slaughter cattle hogs and feeders with steady to lower bids and notable sale volumes.
MENTIONED IN THIS ARTICLE
Farmer's Cooperative Asst
South
Milo
Midland
Dana, New
Uspa
Omaha
U.S
Credit unions brace for uncertain future
The Supreme Court ruling tosses out a 16 year policy that allowed company credit unions to add new members from other firms. Lawrence has two federally chartered unions with about 6,000 members, facing major repercussions nationwide and state wide.
MENTIONED IN THIS ARTICLE
U.S. Supreme Court
Lawrence
Gail Kasson
State Department of Credit Unions
Mark Humphries
EU Credit Union
American Bankers Assn
Kansas Bankers Assn
Humphries
Jayhawk Credit Union
Supreme Court rules against broad credit union common bond
The Supreme Court upheld a lower court ruling that the 1934 Federal Credit Union Act requires a single common bond for all members of a credit union. The decision limits membership expansion by grouping multiple employee groups under one union, after a 1982 NCUA reinterpretation. Government officials had allowed multi group enrollments, adding about 15 million members from small businesses.
MENTIONED IN THIS ARTICLE
Clarence Thomas
Congress
Newt Gingrich
Brenda Gray
Kansas Credit Union Assn
Kansas
Kasson
Chuck Stones
Kansas Bankers Assn
Topeka
Supreme Court
North Carolina
American Bankers’ Assn
Appeals Court
Also Mentioned on This Page
Dow Industrials
S&p
Treasury
Fed
Capitol Hill
Western Pacific
Senate Banking Committee
Dodge City Livestock
Dover Cregary
Omaha Livestock
St. Joseph
St. Josefh
London
Handy & Harman
N.Y
Richard Brack
Brack
Ip World
Starr
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