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Texas City Sun in Texas City, Texas

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Texas City Sun

Location

Texas City, Texas, United States of America

Date

Apr 03, 2003

Page

5

Former Enron executives arraigned on fraud charges

Kevin Howard and Michael Krautz, former Enron finance executives, pleaded innocent to 18 counts including securities and wire fraud. The case centers on a Blockbuster tied video on demand deal that prosecutors say hid $111 million in profits. Trial set for June with possible fall delay. both remain free on bond.

Houston Enron Kevin Howard Michael Krautz FBI Blockbuster Inc U.S Marcia Crone Howard Jim Lavine Krautz Blockbuster

American pilots face 14 day vote on 660 million savings plan

American Airlines pilots weigh a six year contract including 23 percent and 17 percent pay cuts, 1.5 percent annual raises, up to 15 percent profit sharing, stock options, and health care changes to avoid bankruptcy. Union leaders say 2,500 layoffs possible, voting to ratify electronically within two weeks. Ground staff and other labor groups have also struck concessions as AMR seeks to stabilize finances after years of losses.

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Senators seek limits on free-file tax software marketers

Senators may block firms that offer free IRS filing from selling other financial products to users. Senator Bingaman pushes legislation if Treasury does not fix the issue. Taxpayer advocate Olson says companies comply with privacy laws but may violate the spirit. Grassley warns of hearings if a problem is found. H&R Block and TurboTax face consumer group concerns over consent and marketing.

Washington Internal Revenue Service Rowa H&r Taxpayer Advocate IRS Dale Hart H&r Block

Grain and soybean prices rise on Chicago futures market

Grain and soybean futures pushed higher on the Chicago Board of Trade amid dry soil in hard red winter wheat areas and light selling interest. Wheat gained as buyers were scarce while corn rose on soybean strength and a rosy export outlook with Spain buying 110000 metric tons. Live cattle and hog futures edged up on the CME with modest gains across May contracts.

Chicago Chicago Board of Trade China South America U.S Spain Chicago Mercantile Exchange

Also Mentioned on This Page

Mar Dow Industrials Dow Transportation Dow Utilities NYSE S&p Stock Exchange Kristen Hays Kevin Barry Pollack Arthur Andersen LLP Angela K. Brown Associated Press Jeff Bingaman D-N.m Treasury Treasury Department
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