Adelphia founder and sons accused of massive fraud
Assistant U.S. Attorney described John Rigas and his two sons siphoning millions from Adelphia Communications, calling the company a private piggy bank for trivial purchases and a new golf course. He alleged conspiracy, securities and bank fraud, backed by extensive evidence, in a case dubbed about lies and greed.
MENTIONED IN THIS ARTICLE
Adelphia Communications Corp
John Rigas
U.S. Atty
Richard Owens
Adelphia
Owens
U.S. District Court
Economy shows growth hinted by ISM and spending data
Economists remain upbeat about the recovery as ISM reports manufacturing growth for the ninth month in February though at a slower pace. Commerce figures show consumer spending and disposable income rising in January while construction spending dips.
MENTIONED IN THIS ARTICLE
Institute For Supply Management
Commerce Department
Investigation: Former NYSE chief may face lawsuit
New York Attorney General Eliot Spitzer plans to sue former NYSE head Dick Grasso and several board members over about 120 million in retirement benefits. The suit would claim breaches of fiduciary duties under state nonprofit law as talks with defendants continue after Grasso's September departure amid public furor over his compensation.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Dick Grasso
Grasso
Atty
Eliot Spitzer
Union Pacific to miss first quarter earnings forecast
Union Pacific Corp. said it would not meet its first quarter earnings forecast due to a 30 million dollar court judgment severe winter weather high fuel costs and a crew shortage. Chairman Dick Davidson noted expectations were for 74 to 80 cents a share versus 78 cents anticipated by analysts.
MENTIONED IN THIS ARTICLE
Union Pacific Corp
Union Pacific
Dick Davidson
Thomson First Call
High-tech breakup spurs probe at Lawrence firm
Lawrence Police investigate allegations of software theft and corporate sabotage after two Atipa Technologies founders left Microtech Computers to form TeamHPC Inc. in Eudora. Microtech president says customer lists may have been taken. police confirm probe.
MENTIONED IN THIS ARTICLE
Lawrence
Microtech
Pattrick
Mike Zheng
Atipa Technologies
Bret Stouder
Rocky McGaugh
Atipa
Teamhpc Inc
Stouder
Zheng
Monks Use Internet to Fundraise Through LaserMonks
In Sparta Wisconsin Rev Bernard McCoy and four monks run LaserMonks selling refilled inkjet and laser printer cartridges via internet and phone for six figures in profit. They hope to fund HIV camp projects and a Vietnam street children computer school, blending prayer and modern commerce.
MENTIONED IN THIS ARTICLE
Sparta
Wis
Bernard McCoy
McCoy
Staples
Vietnam
Chester Gillis
Georgetown University
Washington, D.C
LaserMonks
Insider Trading Trial Focuses on Trail of Evidence
Prosecutor in New York outlined a deliberate cover story by Martha Stewart and broker Peter Bacanovic regarding the Dec 27 2001 sale of ImClone stock. He cited a trail of evidence and a contested pre sale price agreement, while defense labeled the charges a flimsy house of cards.
MENTIONED IN THIS ARTICLE
Stewart
New York
Martha Stewart
Michael Schachter
Peter Bacanovic
Strassberg
Grain and meat futures rise on Chicago markets
Soybeans and grains rallied as soybeans gained 20 cents to 9.57 per bushel while May corn dipped to 3.02 3/4 and May wheat fell to 3.85. Beef and pork futures advanced on CME with live cattle, feeder cattle, lean hogs and pork bellies posting small gains. Local grain prices across Ottawa and surrounding elevators showed mixed quotes for wheat corn milo and soybeans with several locations at 9.38 to 9.43 for soybeans. Nonferrous metals in New York closed Monday with gold at 399.30 per troy ounce and silver at 6.928 per troy ounce.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago Mercantile Exchange
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland
Lawrence North
New York
Also Mentioned on This Page
NYSE
Tran
Ation
Mark
Clawhorn
Ljworld.com
Little Davids
the Rev
North Carolina
Josef Tomann Meinrad
Vatican
Rome
William Skudlarek
St. John’s Abbey
Collegeville
Minn
Bacanovic
ImClone
Sam Waksal
Schachter
Lawrence South
Pauline Elevator
Pals Aa
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