Jury acquits HealthSouth founder Richard Scrushy
Richard Scrushy was acquitted on all 36 counts of fraud false reporting and statements to regulators after a 21 day trial. Jurors said witnesses were not credible and the smoking gun evidence did not point to him. He cried hugged his wife amid cheers outside the Birmingham courthouse.
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Birmingham
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HealthSouth Corp
Richard Scrushy
Scrushy
Enron Corp
Leslie
Securities
Oil prices cool after record highs amid weekend ahead
Oil prices retreated from Monday’s record above 60 dollars a barrel, settling at 58.20 on the N Y M E as traders book profits before the holiday weekend and an expected weak inventory report. Analyst Kilduff said the rally lost momentum without continued bullish news, prompting many buyers to exit before the long weekend.
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New York Mercantile Exchange
John Kilduff
Fimat USA
Cellular One
Western Wireless Corp
United States
Western Wireless Corporation
Nortel Networks
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Globemark
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