Feds probe Enron trading for possible fraud
The government investigates whether Enron Corp manipulated markets and committed fraud through improper trading. CFTC Chair Newsome says a full inquiry is under way, focusing on Enron exchanges including EnronOnline, with other agencies reviewing accounting practices and Andersen’s role.
MENTIONED IN THIS ARTICLE
Washington
Enron Corp
Commodity Futures Trading Commission
Enron
Andersen
Justice Department
CFTC
James Newsome
New York Mercantile Exchange
EnronOnline
U.S
Newsome
Wall Street Journal
Securities and Exchange Commission
Federal Energy Regulatory Commission
Stockyards Peoria Hog and Cattle Price Report
Hogs: 500 head traded moderately. barrows and gilts steady. Prices ranged 1 2 230-260 lb 36.00-36.50 and 260-280 lb 34.50-36.00. Lows: light and medium weights steady, heavy weights up .50. 300-400 lb 30.00, 400-500 lb 30.00, 500-700 lb 32.00-32.50, over 600 lb 33.00. Boars: over 300 lb 14.00, under 300 lb 29.00. Cattle: 100 head traded moderately. choice slaughter steers and heifers 3.00 higher. Slaughter steers: 1050-1350 lb 71.50-72.00, select/choice 1050-1250 lb 70.00-71.00, select 1000-1200 lb 69.00-70.00. Slaughter heifers: 1000-1300 lb 71.50-72.00, select/choice 1000-1200 lb 70.00-71.00, select 900-1100 lb. Cows not enough to establish a market.
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Honwillint
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Investors pause after profitable week on Wall Street
Wall Street meandered and stalled as profit taking and lack of good news capped gains after a strong rally. The Dow rose 38.75 to 10,611.24, the S&P 500 edged up 3.95 to 1,168.26, while the Nasdaq slipped 0.18 to 1,929.49. Investors remain cautious but confident, watching for corroborating company results and sustainable momentum.
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New York
Wall Street
Dow Jones
Standard & Poor
Rafael Tamargo
Equity Research
Wilmington Trust
Dow Jones Ends Higher Amid Mixed Market Signals
The Dow Jones Industrial Average closes at 10611.24 up 38.75 points as gains in transport and energy sectors offset softness in tech. Other major indexes show modest gains with the Nasdaq at 1929.49 and the S&P 500 at 1168.26 while overall sentiment remains cautious.
MENTIONED IN THIS ARTICLE
Standard&Poors
Senators drop support for farm subsidy limits
California senators Boxer and Feinstein urge negotiations to abandon the 275000 dollar per-farm subsidy cap. They argue the limit unfairly hurts large cotton and rice family farms, while House negotiators oppose the cap.
MENTIONED IN THIS ARTICLE
Washington
California
Barbara Boxer
Dianne Feinstein
Senate
House
Boxer
Feinstein
Senate Agriculture Committee
Tom Harkin
Drowa
Sen
Richard Lugar
R-Ind
Wheat prices slide to contract lows on weak exports
Wheat on the Chicago Board of Trade dropped to contract lows as export demand remained weak. Soybeans declined while corn rose. The USDA trimmed its 2001-02 export outlook by 25 million bushels. May wheat fell to 2.74, corn up to 2.09, oats up 3 percent at 2.09, soybeans at 4.64.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
U.S
U.S. Department of Agriculture
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Feds
Arthur Andersen Accounting Firm
Federal
SEC
Harvey Pitt
Dollar General
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Center For Rural Affairs
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Assisted Living Federation of America and Life Services Network
BioGuard
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Pizza Hut
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