Stewart to be sentenced today in federal case
Martha Stewart faces sentencing in New York for lying about a 2001 ImClone stock sale. Experts expect 10 to 16 months, with possible home confinement or halfway house options if prison is ordered. Cedarbaum presides as defense appeals loom over juror statements and witness perjury claims.
MENTIONED IN THIS ARTICLE
New York
Martha Stewart
Stewart
Homemaker
Einstein
Eleanor Flomenhart
Hewlett Harbor
N.Y
Peter Bacanovic
ImClone Systems
ImClone
Sam Waksal
Miriam Goldman
Cedarbaum
Associated Press
Condi
Danbury
Bacanovic
Hoeffner
Manhattan
Smith & Wesson Posts Profit Dip After Sales Jump
Smith & Wesson Holding Corp reports a 27 percent rise in handgun sales over the past year but posts fiscal 2004 profit of 1.4 million or 4 cents per share, down from 15.7 million in 2003. One time tax benefit lifted 2003 profits, while 2004 costs included office closures and catalog exits and restatement fees. CEO Roy Cuny says emphasis has shifted back to firearms.
MENTIONED IN THIS ARTICLE
Springfield
Mass
Smith & Wesson
Smith & Wesson Holding Corp
Scottsdale, Ariz
Securities and Exchange Commission
Arizona
Roy Cuny
IBM Posts 17 Percent Q2 Profit Rise On Hardware Sales
IBM reported second quarter earnings of 1.99 billion dollars or 1.16 per share on 23.15 billion in revenue, up from 1.71 billion and 0.97 per share on 21.63 billion a year earlier. Analysts had expected 1.12 per share and 23.35 billion in revenue as CFO Mark Loughridge cited improved IT demand and rising customer spending.
MENTIONED IN THIS ARTICLE
New York
IBM Corp
Wall Street
IBM
Thomson First Call
Mark Loughridge
Wholesale prices and production drop in June
The Labor Department reports a 0.3 percent drop in the Producer Price Index the largest decline in 13 months driven by lower food and energy costs amid sluggish demand. Factory output also fell 0.3 percent in June, the biggest drop since April 2003, signaling a temporary slowdown while the Fed continues its gradual rate approach.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Labor Department
Ken Mayland
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Timothy Hoeffner
Philadelphia
Bureau of Prisons
Gunmaker
Midland Mall
N. Midkiff
Sprint
Sprint Pcs
Sprint Pcs Vision
Aise
Ruidoso
PCS
Midland Midland Plaza
Sprintpcs.com
Odessa
Santa Fe
East 42Nd
Samsung
Rite
Vivaeara
Bor
Lebrane
Oreo Valley Wewwares
N. Grimes
Espafiel
Milan
Avaiable
Sprint Communications Company
Odessa American
Janice Graham
Bureau of Labor Statistics
ClearView Economics
Jerry Jasinowski
National Association of Manufacturers
Tos
Nange Tro, Mavinie Me
Ue Wa Arne
Jfmamj
Jasone
FMAM
ARAN
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