Telecom leaders grilled over excesses amid Enron case
Senate hearings scrutinized Merrill Lynch and telecom chiefs as WorldCom Global Crossing and Qwest faced collapse and stock options gains. McCain pressed executives on cashing out while critics urged expense treatment of stock options and stronger accountability. Bush signed a sweeping fraud bill to restore investor confidence.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Senate
Enron
White House
Bush
Congress
Capitol Hill
Merrill Lynch & Co
Senate Governmental Affairs Committee
WorldCom Inc
Global Crossing Ltd
Qwest Communications International Inc
John McCain
R-Ariz
McCain
Senate Commerce Committee
Federal Reserve
Alan Greenspan
Michael Powell
Federal Communications Commission
WorldCom
Global Crossing
Qwest
Gary Winnick
Powell
John Sidgmore
MCT
Merrill Lynch denies aiding Enron to hide losses
The Senate probe questioned Merrill Lynch officials Schuyler Tilney and Robert Furst who invoked the Fifth Amendment and refused to testify about aiding Enron’s earnings. The firm said its Enron dealings were proper, while lawmakers argued a motive to cement client relations despite possible knowledge of earnings manipulation.
MENTIONED IN THIS ARTICLE
Enron
Merrill Lynch
Carl Levin
Dmich
Associated Press
Washington
Merrill Lynch & Co
Schuyler Tilney
Houston
Robert Furst
Dallas
Senate
Governmental Affairs Committee
Tilney
James Brown
Nigeria
Martin
Merrill
Susan Collins
Maine
Sen
Joseph Lieberman
D-Conn
Perot Systems profit rises in steady quarter
Plano based Perot Systems Corp reports a 22 percent rise in profit to 20.2 million or 17 cents a share on 14 percent higher revenue of 333.5 million. Excluding a 7.3 million one time gain, earnings per share stay at 17 cents. The firm forecast 16 to 18 cents per share for Q3 with revenue between 333 and 345 million.
MENTIONED IN THIS ARTICLE
viKmant NY An
At&t NY
Kroger Albertsn NY
Landrys NY
Amgen Nash
LowesCos NY
Anheust NY
Lucent NY
Nasd
Marathon NY
Applec Maxam Amex
Ashland
BMC NY
Merck NY
BP PLC NY
Merrilllyn NY
BakrHu NY
Motorola NY
BkofAm NY
BluDolp
NetwkAp Nasd
Calpine NY
Nextelc
Cisco Nasd
NortelNw
Citigro
CocaCl NY
Oracle Nasd
Concefs S Nash
Penney NY
CtAir B
PepsiCo NY
Pfizer NY
Pharmacia NY
Corning
Daimlrc NY
PhilMor NY
DeltCptr Nasd
Praxair NY
Dillards NY
Proctg NY
Disney NY
Qualcom Nasd
DowChm NY
QuwestCm NY
NY "i ukeEgg
ReliantEn NY
Dynegy NY
RickCab Nasd
Etrade NY
RoylDut NY
eBayine Nasd
SBC Com NY
EMC Co NY
Sears NY
el PasoCo Smithints NY
Entergy NY
Solutia NY
EricsnTel Nasd
SwstAind NY
ExxonMbl NY
Spdr Amex
Fedrds NY
SunMicro Nash
Fordm NY
Sysco
GanElec NY
TRW NY
GenMills NY
TXU Corp NY
GnMott NY
Texinst NY
HCA Inc NY
Hewlettp NY
Tycoint
UnionPac NY
HomeDp NY
Uplantr S NY
Honwilint
ValeroEn NY
Intel Nasd
VerizonCm NY
IBM NY
WalMart NY
IntSperty Nasd
WsteMine NY
JDS
Umph
WmsCos
KLA Tne
Yahoo
Ie Moneey
Australia
Britain
Canada
Japan
XICO
U.S
Fidelity Invest
Magelin SP
Vanguard
ICAA
Wsha P
PIMCO
Gwtha P
Groinc LC
Eupaca P Il
Amer Century
Ultra SP
Pper, Inc
F. Gaines and Lasers
Ory Tiie
Associated Press
Plano — Perot Systems Corp
Thomson First Call
Ross Perot Jr
Perot Systems
California
Also Mentioned on This Page
Aan
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
S&p
Russell
Wilshire
AMEX
Vasogen G
Cedarine
Cstl Pit
Alteon
ElPasoun
SpanBden
SealAir
Alpharma Vicon
CSG Sys
Giaipe
Register
Paxsnc
Innotrac CwnCork
Radiologix
FreeMkt
ElitePh
SylvnaLm
Sybrond
GenElec
Intel
Dynegy
AOL
SunMicro
Lucent
Facl
Oracle
SP Mid
JDS Uniph
Nortel Nw
Biotecht
QwesiCm
Kinross G
Concefs
Citigrp
Justice Department
Enron.com
Senate.gov
Psi
Merrilllynch.com
Edward Jones
Dofttrey J. Day
Palmer Highway
Sule
Texas City
Texas
Edwardjones.cc
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