SEC taps New York Fed chief to lead oversight board
William J. McDonough, head of the Federal Reserve Bank of New York since July 1993, was chosen by the SEC to head a new independent oversight board created to supervise the accounting industry. The post pays 556000 dollars a year as McDonough seeks to restore investor trust amid accounting scandals.
MENTIONED IN THIS ARTICLE
SEC
N.Y. Fed
Oversight Board
Washington
William J. McDonough
Federal Reserve Bank of New York
Congress
New York Federal Reserve Bank
McDonough
Federal Reserve System
Greenspan
William Donaldson
Independent Oversight Board
FBI
William Webster
Webster
Harvey Pitt
Pitt
Stocks rise despite earnings report
Investors shrugged at weak first quarter results from General Motors and Bank One and sent stocks higher in New York. The Dow gained 51.26 points to 8402.36 as broader indexes advanced, while the Fed noted a 0.5 percent March drop in industrial production.
MENTIONED IN THIS ARTICLE
New York
General Motors
Bank One
Thomas F. Lydon Jr
Global Trends Investments
Newport Beach
Calif
Stephen Carl
Williams Capital Group
Federal Reserve
Grain futures rise on Chicago Board of Trade gains
Technically driven buying pushed grain and soybean futures higher on the Chicago Board of Trade. May wheat gained 5.25 cents to $2.86 a bushel, May corn up 2.5 cents to $2.413/4, May oats up 4.5 cents to $1.851/2, and May soybeans up 2.75 cents to $6.105/2 a bushel.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Stockyards Springfield prices and Illinois hogs laws
Eastern Cornbelt carcass prices by thickness range from 40 to 53 dollars per hundredweight with specific bids for 0.5 to 0.9 inch fat. Illinois direct hogs legal bids list weights 300 to 600 pounds and above 600 pounds with ranges from 18 to 30 dollars, and boars under 300 pounds 18 to 22 dollars, over 300 pounds 4 to 6 dollars.
MENTIONED IN THIS ARTICLE
Illinois
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