Hearing Delayed On Andersen Asset Sale In Civil Fraud Case
A federal judge postponed a hearing on whether Arthur Andersen LLP may sell assets while settling civil fraud claims. Insurers led by American National Insurance seek to block the sale and bar releasing partners from noncompete agreements to protect clients amid Enron fallout. In Chicago United Airlines met with 25000 baggage handlers and reservations agents as talks continue toward a labor contract crucial for its financial recovery plan.
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Republicans seek Vienna prison closure in budget plan
Senate Republicans hint at a budget proposal that would close Vienna Correctional Center to cut a 1.2 billion gap. The plan, led by Appropriations Chair Rauschenberger, would raise roughly 600 million in taxes and cut equal spending, with potential sin taxes under discussion. Luechtefeld defends keeping Vienna open, while party lines split on broader tax and spending shifts.
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Ryan Tried to Block Counsel Testimony in Illinois Bribery Case
The 7th Circuit ruled Governor George Ryan could not claim attorney-client privilege to block former general counsel Roger Bickel from testifying before a federal grand jury in the bribes-for-licenses scandal. The case marks the first public disclosure of federal efforts to question Bickel amid a probe that has charged 48 individuals and led to 42 convictions, many from the secretary of state’s staff and Ryan campaign workers.
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Ryan Seeks Illinois Governor Win With Bush Backing
Illinois Attorney General Jim Ryan meets national Republicans on Capitol Hill to outline his plan to win the governor's race. He met with Karl Rove at the White House and confirmed Bush would attend a May 18 Chicago fundraiser for his campaign amid a bribes-for-licenses scandal and GOP concerns about holding Illinois. Bush supporters say the president is in a stronger position than in 2000, bolstering Ryan’s bid.
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