House approves tougher criminal penalties for business fraud
The House passed a bill by 391 to 28 creating criminal penalties for executives who deceive investors and retaliate against whistle blowers. It would surpass the Senate civil penalties and aims to speed the crackdown on corporate wrongdoing toward President Bush.
MENTIONED IN THIS ARTICLE
Washington
House
Bush
Senate
James Sensenbrenner
R-Wis
House Judiciary Committee
Dennis Hastert
R-Nl
GOP
Mark Foley
R Fla
Mike Rogers
Hastert
New York Stocks End Mixed on Tuesday Amid Trading Activity
Listed stocks move across IBM AOL Exxon Mobil and other big names with varied closes. Key movers include Bank One and EDS while tech and telecoms show gains and losses across the session.
Greenspan flags scandals delaying economic recovery
Fed chair Alan Greenspan told Congress that while the U.S. economy is set for growth, a wave of accounting scandals undermines confidence in corporate leaders and may slow consumption and capital investment. He cited market slides and ongoing uncertainties including malfeasance risks and global events.
MENTIONED IN THIS ARTICLE
Washington
U.S
Federal Reserve
Alan Greenspan
Congress
Markets slide as investors seek steady footing
NEW YORK AP Markets fell at opening, recovered slightly on Greenspan’s soothing remarks, then dropped again amid anxiety. The Dow dropped 166.08 to 8473.11, its seventh straight loss, with the Nasdaq at 1375.26 and the S and P 500 at 900.94. Greenspan testified the economy is recovering but needs more strength, and rates will stay unchanged until then.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve
Alan Greenspan
Dow Jones
Barry Hyman
Ehrenkrantz King Nussbaum
Dow
Standard & Poor
Stockyards Springfield report prices and hog sales data
Eastern Cornbelt carcass prices rise by five cents with varying bf thickness ranges from 0.5 to 0.9 inches. Illinois direct hog purchases total 15 947 with steadier hoard for light offerings and price bands by weight. Boars show lower values under 300 pounds and higher ranges over 300 pounds.
MENTIONED IN THIS ARTICLE
Springfield
Illinois
Grain futures rise on worsening spring wheat quality Chicago AP
Wheat futures jumped on the Chicago Board of Trade as concerns over spring wheat quality grew. December corn and other grains gained with soybeans higher while beef and pork futures fell on the Chicago Mercantile Exchange with live cattle and hogs edging down.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Chicago Arcantile Exchange
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