Hearings On Fatal Air Crash Set To Conclude
At Logan International Airport three air traffic controllers testified about a July 31 Delta DC9 crash that killed 88. A faulty alarm and staffing shortages hindered coordination as fog and weather delayed the Delta jet, with weather data arriving only seconds before impact.
MENTIONED IN THIS ARTICLE
Peabody
Mass
Delta
Boston
Logan International Airport
National Transportation Safety Board
Jeffrey M. MacDonald
Logan
MacDonald
Daniel Tucker
Four Seasons Nursing Centers case highlights stock fraud decline
An ex executive guilty of conspiracy in a $200 million stock fraud was sentenced to a year in jail with no fine. The Four Seasons affair epitomized 1960s market excess and lax regulation, shaking investor confidence and prompting reform efforts by the SEC and Justice Department amid broader market cynicism.
MENTIONED IN THIS ARTICLE
New York
Four Seasons Nursing Centers
America
Securities and Exchange Commission
Justice Department
Four Seasons
Jack L. Clark
Nursing Home Company
American Stock Exchange
Four Seasons bankruptcy and securities case details
The text notes that Four Seasons faced bankruptcy in 1970 amid government claims of inflated earnings and false loan data. Clark pled guilty last June to conspiracy to violate securities laws, facing up to five years in jail and a $10,000 fine, eligible for parole in four months as the industry seeks business.
MENTIONED IN THIS ARTICLE
Clark
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Saigon
Charles Taylor
Sears
Deerpath
Sears and
SAVE
Sears, Roebuck and CO
Uth & Gore Lawton
Okla
John Cunniff
AP Business Analyst
SEC
By Neg Cochran
Roscoe Spires, Inc
Roscoe Anne
Radio Shack
Ositions
Ates
Corresan-re Tant
Radio Shack Electronics
Ten Creare
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