Market slides to 2004 low on jobs data and oil
New York AP market report shows the Dow Jones average dropping 147.70 points to 9,815.33, a 2004 low. The Nasdaq and S&P 500 also hit year to date lows as payrolls added 32,000 jobs and oil hovered near 44 dollars a barrel, signaling potential slower economic growth ahead. Analysts cited weak labor data and high energy costs as risks to recovery.
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New York
Standard & Poor
Michael Sheldon
Spencer Clarke LLC
Standard
Peter Lacey
Belo Corp
New York Stock Exchange
Moscow court rules Yukos wins tax seizure case
A Moscow court ruled that seizure of Yuganskneftegaz by bailiffs was illegal, upholding Yukos in its dispute over a 3.4 billion tax bill. The ruling challenges government actions seen as dismantling Russia's largest oil company amid Khodorkovsky cases.
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Moscow
Yukos
Yukos Oil Company
Yuganskneftegaz
Russia
Kremlin
Sé@iate
Itar-Tass
Mikhail Khodorkovsky
Thamy
Foncis
Yukoshaszisaitili
Ex employees accuse Halliburton of accounting fraud
Four former Halliburton employees claim systematic accounting fraud inflated revenue and hid asbestos exposure risks from 1998 to 2001. The filing names chairman David J. Lesar and other executives, seeks permission to file the suit in Dallas federal court, and references a prior SEC settlement.
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Dallas
Halliburton Co
Dick Cheney
Halliburton
Cheney
U.S. District Court
Execu
Houston
Scott & Scott
Colchester, Conn
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