HealthSouth fires founder amid accounting scandal
HealthSouth Corp. ousted founder Richard Scrushy as chairman and chief executive amid a widening accounting probe. A third HealthSouth official, Emery Harris, pleaded guilty to wire and securities fraud and falsifying records, with former CFOs having already admitted guilt. Prosecutors warn more admissions may follow as the firm sacks its long-time auditor Ernst and Young and faces bankruptcy pressure and a NYSE delisting.
MENTIONED IN THIS ARTICLE
Birmingham
Ala
HealthSouth Corp
Richard Scrushy
HealthSouth
Scrushy
Emery Harris
Alice Martin
Harris
U.S
Inge Johnson
Harrs
Steve Salter
American wins tentative union deals to avoid bankruptcy
American Airlines reached tentative agreements with three key unions pilots flight attendants and mechanics easing fears of a Chapter 11 filing. An anonymous source said the deals cover roughly 1.8 billion in concessions and could be ratified by employees pending details. Shares rose on the news as negotiations continued with other ground-worker groups.
MENTIONED IN THIS ARTICLE
NEW York
American Airlines
American
George Price
Price
New York Stock Exchange
Fort Worth
Kmart to surrender Cobblestone Square lease
Kmart’s defeat in a bankruptcy lease dispute clears the Cobblestone Square site for a new tenant. Carnegie Management and Development Corp. is negotiating with several candidates as a replacement for the Super Kmart at Abbe Road, with a Fifth Third Bank branch and other retailers planned nearby. Local officials expect a new restaurant possibly added, while a few months remain before new tenants open.
MENTIONED IN THIS ARTICLE
Sheffield
Kmart Corp
Kmart
Cobblestone Square
Carnegie Management and Development Corp
Robert Berryhill
Berryhill
Super Kmart
Abbe Road
Elyria
Bank
National City Bank
Darlene Ondercin
U.S
Chicago
Jong
Brad Dicken
Bdicken
Chronicletelegram.com
Dow slides as war fears weigh on market
The Dow Jones fell 153.64 points to 7,992.13 as the four straight decline deepened amid war fears in Iraq and weak Midwest manufacturing data. Nasdaq dropped 28.43 while the S&P declined 15.32. March offered some late-month relief with modest gains. Investors expect a longer war and tighter spending, dampening the economy.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Iraq
Midwest
Dow Jones
Bryan Piskorowski
Prudential Securities
Dow
S&p
Thomas F. Lydon Jr
Presi
Dollar falls as Iraq war fears grow market risk
The dollar weakens against major currencies as war fears rise. Chicago PMI falls to 48.4 signaling contraction, while the euro yen and pound shift amid weak retail and earnings outlooks. Nordstrom Federated Wal Mart Altria slide on warning profits and bond bond issue halting.
MENTIONED IN THIS ARTICLE
Institute For Supply Management
Nordstrom
Federated Department Stores
Wal-Mart
Altria
Wall Street
Philip Morris USA
Also Mentioned on This Page
HealthSouth Axes
Dina Detec
Ernst & Young
Ernie Knewitz
Knewittz
Health
South
Dow and
Standard & Poor
Dow Jones/AP
Robert Lynch
BNP Paribas
Purchasing Management Association of Chicago
Index of
Deat
Global Trends
Newport Beach
Calif
Rapier
EMH Regional Medical Center
Chronicle-Telegram
EMH
BURBS
Ecui
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