Lay sorry for Enron collapse but declines to testify
Former Enron chairman Kenneth Lay expressed profound sadness over the collapse’s impact on investors and workers and invoked the Fifth Amendment to avoid answering questions. Lawmakers pressed him as he sat under subpoena, while University of Texas dean William Powers said Lay approved partnership deals and knew they hid debt, a claim Lay did not refute.
MENTIONED IN THIS ARTICLE
Washington
Enron
Kenneth Lay
Lay
Senate
Wall Street
Senate Commerce Committee
Arthur Andersen
Andrew Fastow
Jeffrey Skilling
Skilling
Fitzgerald
Fastow
Sherron Watkins
Long
Olympia Snowe
Maine
Powers
Andersen
Congress
Wall Street Treads Cautiously After Enron Fallout
Investors profit takers on Wall Street Tuesday as the Dow falls 21.04 to 9,863.74 and the Nasdaq dips 12.45 to 1,834.21 amid weak earnings and Enron accounting fears. Analysts warn that trust in company books remains tenuous while the economy’s bottom remains uncertain. Kenneth Lay’s Senate appearance adds to market unease as analysts flag potential accounting risks across firms.
MENTIONED IN THIS ARTICLE
New York
Wall Street
S&p
Dow
Eastern Cornbelt hog carcass and price report
Eastern Cornbelt carcass prices move steady to weak with thin demand. Items include 0.5 to 0.9 inch backfat price ranges, today’s negotiated Illinois Direct Hogs purchases at 13,091 head, and steady to weak Laws demand for various weight classes with prices from 25.00 to 33.00. Boars logged 20.00 to 28.00 for under 300 pounds and 12.00 to 18.00 for over 300 pounds.
MENTIONED IN THIS ARTICLE
Springfield
Illinois
Soybean futures rally on CBOT as weather outlook supports gains
Chicago AP reports soybean prices climbed on Tuesday with drier South American weather boosting demand. Wheat fell 0.25 cent to 2.8075 per bushel while March corn rose 0.5 cent to 2.0575, oats up 1 cent to 2.041. Soybeans gained 5.25 cents to 4.361.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
South America
Dow Jones Ended Higher as Markets Shuffled
The Dow Jones Industrial Average closed at 9863.74 after a 21.04 point rise from the session low, with the Standard & Poor's 500 at 1107.50 down 4.44 and the Nasdaq Composite at 1834.21 down 12.45. NYSE volume reached 1.10 billion in regular trading, with total consolidated issues at 3,346 and a near equal split of stocks up versus down.
MENTIONED IN THIS ARTICLE
Standard & Poor
NYSE
NEW York
Hewlettp
HomeDp
Honwilint
Houshint
ACE Ltd
IBM
At&t
Jpmorgch
ATT Wels
Jabil
AbtLab
JohaJns
AMD
Kraft
Ageren
Kroger
Agilent Lsi
Alcoa
Lehmer
Allete
AmExp
LillyEti
Americdt
Marinta
AnalogDev
Mattel
Aon Corp
Maxter
Avaya MeadWyn
BP PLC
BkofAm
Medicnic
Barrickg
Merck
Baxters
MerrillLyn
Micront BellSouth
BestBuy
Mirant
Moore
Boeing
MorgStan
Motorola
Calpine
CapOne
Nortel Nw
Carnival
Penney
Caterpills
PepsiCo
Celestic G
PetrolGeo
Cendant
Pfizer
ChevrnTex
Proctg
CocaCl
Providf
ColgPal
QwestCm
Compaq
RiteAid
CompAs
SBC
Conoco
Safeway
Corning
DanaCo
Schergei Deere
Schimbwe
Schwab
Disney SciAtlanta
DowChm
Sears
DuPont
DukeEgg
Selectra
Spratfon
Dynegy
Spratpcs
Etrade Sysco
EMC Cp
el Paso Cp
TaiwSem S Elan
Target
EDS
Teradyn
Texinst
Emrsn
Transoen
EsteeLdr
Exxonm S A2
Tycointl
FanniMae
US Bancro
FleetBost
VerizonCm
Fordm
Viacomb
Vodafone
FredMac
Gannett
Wachovia
WalMart
GenElec
Gillette
Wells Frgo
Goldmans
Weyerh
Hallibin
WmsCos
XcelEngy
Harleyd Herculs
Xerox
Also Mentioned on This Page
Peter Fitzgerald
R-Il
Alan Ackerman
Fahnestock & Co
Richard A. Dickson
Hilliard Lyons
Louisville
Dow Jones
Alcoa Inc
Clear Channel
Lee Ent
Qcom
Coke
Lowes
Ryerson
Ameren Apple
Conag
May Dept. Stores
CVS Corp
Maytag
Solutia
Applied Materials
McDonald
Southern Co
Archer
DVN
Dillard's
Metlife
Southwest
Avaya Financial Dollar General
Microsoft
Sun Micro
AXA
Baker Hughes
MIPS
Super Value
Nbty Inc
Union Planters
Bemis
Fifth Third
Occi
Petrol
Unova
Birm
Birm, Steel
First Data Corp
Old Nat. Banc
US Bancorp
Bob Evans Ford Motor Co
Olin
USG
P-Com
Verizon
BP Amoco
Gen Dyn
Harley Davison
Penny Pil Quaker
Brunswick
Harrah's
Pepsi
Walgreens
CNRS
Intel
Pepsi Americas
Wal-Mart Cat
Integra
Pharmacia
Wendys
CBRS
Worldcom
JC Penney
Phillip Morris Chester Bancorp
Kerr McGee
Pier
First Ciena Corp
Kinder Morgan
Polaroid
Union Securities Inc
Carbondale
Cifra(v
Kmart ProFac Coop Cinf
Proxim Inc
SIPC
Shawneelink.net
Kenwood Financial
Clinical Research, Inc
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