AOL Time Warner SEC probe over revenue transactions
AOL Time Warner said the SEC is examining a series of transactions that may have improperly boosted revenue. The inquiry follows reports that the firm shifted revenue, booked third party ads as own, and paid an arbitration dispute with a British company via advertising. Parson and Ernst & Young defended compliance and pledged cooperation.
MENTIONED IN THIS ARTICLE
New York
AOL Time Warner Inc
Securities and Exchange Commission
Richard Parsons
SEC
Washington Post
AOL
eBay
Parsons
Ernst & Young
John Heine
Enron Corp
WorldCom Inc
Xerox Corp
Adelphia Communications Corp
Grandparents found shot in Panama City Beach home
National News Roundup reports the bodies of James and Phyllis Shane found in their Panama City Beach area home. Sheriff Guy Tunnell said the woman’s throat was slashed and the couple’s dog also died, with the suspect described as having a drug problem and recent conflicts.
MENTIONED IN THIS ARTICLE
Panhandle
Panama City Beach
James
Phyllis Shane
Guy Tunnell
Woman used her son as mule to smuggle heroin
In Fort Lauderdale, a New York City woman named Sharral Vassell, 37, allegedly strapped several pounds of heroin around her 9 year old son’s waist and carried more than 15 pounds of drugs on their bodies while entering Florida. Federal prosecutors said the pair had heroin from Panama hidden on them.
MENTIONED IN THIS ARTICLE
Fort Lauderdale, Fla
New York City
Florida
Sharral Vassell
Panama
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Time Warner
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Jvc
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It & l Video
Eel A
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Starz Super Pak
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The
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