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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Aug 01, 2002
Page
4
The Justice Department is examining AOL Time Warner's accounting practices amid existing SEC scrutiny. The inquiry could become criminal, signaling a deepening probe into the media giant as its stock falls despite broad market losses. Regulators recently questioned how transactions at the America Online unit were recorded.
AOL Time Warner faces a Justice Department inquiry in addition to the ongoing Securities and Exchange Commission probe into its accounting practices. The company, formed by the 2000 merger, has seen executive shakeups and stock volatility as it works to restore investor confidence amid reports of unconventional revenue practices and ad sale bookings tied to external partners.
James Comfort, 27, allegedly preyed on nine girls and women he met in an online chat room over four years. He was indicted on 28 counts including rape, sexual mistreatment, and endangering a child, with he facing two sets of charges and remaining free on bail.
Airlines reduce service on September 11 amid low reservations and fear of flying. United and American canceled routes resembling the hijacked flights of 2001, including four Los Angeles and San Francisco trips from Boston and Newark, with American also trimming New York JFK to San Francisco. Delta also cut some mid September flights as overall demand remains weak.
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