Microsoft settles 20 year FTC privacy settlement
Microsoft will improve Passport security, test measures, fix breaches, and endure independent audits after the FTC accused the firm of misrepresenting Passport privacy. The pact, praised by some advocates and officials, sets a high standard for online privacy practices while leaving antitrust sanction decisions pending.
MENTIONED IN THIS ARTICLE
Microsoft Corp
U.S
Federal Trade Commission
Microsoft
Redmond
Wash
FTC
Timothy Muris
Passport
Electronic Privacy Information Center
Marc Rotenberg
United States
Markets end week higher amid cautious optimism
Markets closed the week with gains as the Dow rose over 700 points from Monday, finishing at 8745.45 after a 33.43-point Friday bounce. The week saw a 5.2 percent Dow rise and a 5.1 percent S&P advance, supported by volatility easing below 40 for a second day.
MENTIONED IN THIS ARTICLE
Adam Friedman
Armada
U.S
Federal Reserve
Alan Greenspan
Chicago Board Options Exchange
John Kosar
Barrington
Bianco Research LLC
Standard & Poor
Martin Vostry
Lipper Inc
Global Crossing sells for 250 million in bankruptcy deal
Global Crossing reached a bankruptcy exit deal with Hutchison Whampoa and Singapore Technologies for 250 million in cash plus 200 million in notes. The plan gives investors 61.5 percent control of the reorganized company, while lenders receive 6 percent and unsecured creditors 32.5 percent. The Bermuda firm owed 12.4 billion and built a vast fiber network connecting 200 cities in 27 countries.
MENTIONED IN THIS ARTICLE
New York
Global Crossing
Hutchison Whampoa
Singapore Technologies
Arthur Newman
Blackstone Group
CFOs under pressure as accounting scandals rise
CFOs face heightened scrutiny amid fraud cases at WorldCom Adelphia and broader corporate earning scandals. Executives like Kris Chellam of Xilinx and Intel’s Andy Bryant warn of stress and tightrope risk, while regulators push notarized attestations and new expense reporting rules.
MENTIONED IN THIS ARTICLE
Kris Chellam
Xilinx Inc
America
Intel Corp
Qualcomm Inc
Xilinx
Andy Bryant
Intel
Bryant
Scott D. Sullivan
WorldCom Inc
FBI
Manhattan
Adelphia Communications Corp
Secu
Toy tests crown kid approved toys for FamilyFun awards
At Elk Grove KinderCare centers 972 children tested new toys as part of FamilyFun Magazine Toy of the Year Awards. Centers vote on favorites for the November issue with 17 items to be featured. testers assess durability and appeal while industry observers note buzz and consumer interest.
MENTIONED IN THIS ARTICLE
Taylor Forster
Dora
Elk Grove
Forster
Sacramento
Calif
FamilyFun Magazine
Toy
Iba Ameern
Susan Stern
Jill Eiland
KinderCare
Tickle Me Elmo
Sing & Snore Ernie
Alexandra Kennedy
FamilyRun Cnid
Colleen McMillen
Toy Industry Association
PT Cruisers recalled for fuel pump leak flaw
DaimlerChrysler recalled more than 450000 PT Cruisers from 2001 and 2002 model years due to a fuel pump leak risk. The fix adds a secondary seal on the pump module and about a quarter of recalls also address a separated fuel line issue that could cause a leak. Owners will receive notification by mail.
MENTIONED IN THIS ARTICLE
Detroit
Daimler- Chrysler AG
Chrysler Group
DaimlerChrysler
Also Mentioned on This Page
Brad Smith
European Union
Smith
S&p 500
Chicago Mercantile Exchange
John Challenger
Challenger, Gray and Christmas
William Keitel
Qualcomm
Phil Livingston
Financial Executives International
Cfos
Livingston
Cfqs
The
Sacramento Bee
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