Government Andersen break off talks over Enron document destruction
Negotiations between the Justice Department and Arthur Andersen LLP collapsed over a potential criminal settlement linked to destroying Enron documents. Andersen refused language admitting guilt and balked at a three year deferral period, with trial set for May 6. The SEC continues a civil probe into Andersen and Enron.
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Washington
Justice Department
Arthur Andersen LLP
Enron Corp
Andersen
Rusty Hardin
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Justice
Bryan Sierra
Company
Patrick Dorton
Enron
Securities and Exchange Commission
Grain futures tumble on CBOT as late selling spurs drop
Chicago AP reports wheat futures sank on the Chicago Board of Trade amid a late wave of technical selling. Grains declined with May wheat down 7% to 2.68 a bushel, May corn 11% to 1.98, May oats 0.74 to 1.62, and May soybeans 3 cents to 4.70 a bushel as volume remained light.
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Chicago
Chicago Board of Trade
Eastern Cornbelt carcass prices rise at Stockyards Springfield
AP notes prices 0.5 to 0.9 inch bf ranges up to 44.86 with mixed bid spans. Illinois direct hog purchases total 13,497 with steady laws and light demand for light offerings. Hog weights 300 to 600 pounds bring 18 to 25 dollars, boars under 300 pounds 12 to 16 dollars, over 300 pounds 10 to 15 dollars.
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WA Mats
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Wyeth
Xerox
Springfield
Illinois
Stocks slide as Nokia and AMD weigh market
Stocks fell after mixed results from Nokia and AMD. Nokia posted lower profits and sales while AMD guided a weak Q2. Microsoft warned of lower profits after the close. The Dow fell 15.50 to 10,205.28 as tech and chip shares led losses and the Nasdaq declined.
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New York
Nokia
al Mirman
V Finance
Sarasota
Fla
Microsoft
Standard & Poor
Wall Street
Dow
Conference Board
U.S
Mirman
AMD
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