Merck revenue tied to uncollected co payments revealed
The Wall Street Journal reports Merck counted over 12 billion dollars in co payments to its Medco unit as revenue though Medco did not receive them. Merck says the practice met standards and counts co payments as expenses, not affecting net income. The figure appears in a recent SEC filing.
MENTIONED IN THIS ARTICLE
New York
Merck & Co
Wall Street Journal
Merck
Medco
The
Securities and Exchange Commission
SEC
Journal
WorldCom executives refuse questions in fraud probe
Rep. Michael Oxley says Bernard Ebbers Scott Sullivan and others will invoke the Fifth Amendment as WorldCom faces a SEC fraud suit Nasdaq delisting and a potential bankruptcy after hiding 3.9 billion in expenses. The case echoes Enron and Global Crossing probes drawing Senate House reaction and calls for accountability.
MENTIONED IN THIS ARTICLE
Michael Oxley
Ohio
House Financial Services Committee
Oxley
Bernard J. Ebbers
WorldCom
Scott D. Sullivan
Jack Grubman
MCI
Securities and Exchange Commission
NBC
Barney Frank
Dmass
Frank
SEC
Harvey Pitt
Bush
Senate
Tom Daschle
Sen
John McCain
Arizona
Senate Commerce Committee
Franklin County Commission Minutes June 26 2002
Franklin County Board of Commissioners met in regular session with Chair John E. Taylor and commissioners Carey Ferguson Waymire present. Topics included minutes approval, copier purchase, eminent domain for road easement, payroll changes, bids for parking stall, fence viewing dispute, cell phone and travel costs, and multiple contract and easement actions. The meeting adjourned after a full agenda and later reconvened July 1 with further discussions on grants and budget items.
MENTIONED IN THIS ARTICLE
Board of Commissioners
John E. Taylor
Raymond R. Carey
Fred E. Ferguson
Donald E. Waymire
Taylor
Craig Davis
Bret Lawson
Information Technologies Department
Craig
Carey
Ferguson
JoAnn Heins
Waymire
Gestetner
District Court
Franklin County
Chester E. Leach
Juanita P. Simms
Courtney McCoy
Sacha Hughes
Thompson Concrete, Inc
Jason Parks
Southwestern Bell
Darrell Wadkins
Crestview
Commissioner Stottlemire
McDaniels
Merle Rothwell
Mr. McDaniels
Board
John Dowell
Shaun Perry
Chambers
Donald R. Stottlemire
Barbara Conus
Vicki Eckard
Stottlemire
Jonni Cayton
Martas Christian
Cynthia Hopkins
Shelly Pool
Carolyn Schuster
Fourth Judicial District Community Corrections
Roy McIntosh
Health Special Equipment
Health Fund
Infinitec
LIS Lite
Stephen W
Patri
CIA A. Miner
Dennis L
Julie A. Schulz
Robert E
Jean Ann Moss
Township 16
Lake Region Solid Waste Authority
Beard
Steve Brown
Also Mentioned on This Page
Merck-Medco
Pitt
McCain
New York Times
White House
Ari Fleischer
S. Ash
Ottawa
Ottawa Herald
Tim
Asot TV Vour
Financial Institution
S. Cedar
Franklin County Commission
Board OF Franklin County Commissioners
Louisiana Rd
Charles McDaniels
John Brown Rd
Georgia Rd
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