Enron executive to plead guilty in major case
Washington AP reports Michael Kopper former Enron Global Finance managing director will plead guilty to conspiracy to commit wire fraud and money laundering in Houston. He faces cooperation as part of a plea while Enron's collapse triggered investor losses and probes into its partnerships and concealed debt.
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Washington
Enron Corp
Michael Kopper
Enron Global Finance
Houston
Tagan Amdition
Nf Gnangrenue
Andrew Fastow
Enron
Kopper
WorldCom
Arthur Andersen
Adelphia
Kmart to cut 700 jobs nationwide, none in Ohio
Kmart will cut 400 corporate jobs, 50 national support roles, 100 unfilled posts, and phase out 130 contract positions as part of a cost reduction after Chapter 11 filing. The moves aim to save 66 million this year and 13 million annually. Ohio stores in Sheffield Lorain and Westlake are not affected.
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Sheffield
Kmarts
Kmart
Lorain
Westlake
Ohio
Steve Pagnani
Pagnani
Car shop opens in Elyria for speedway era parts
Elyria’s CS Performance Parts & Engines at 200 Cleveland St. sells street and race car parts and builds custom engines. Co owners Chris Blair and Steve Sears, longtime car enthusiasts, opened Aug 16 amid hard times hoping to boost local racing by supplying gear and sharing expertise. expansion to Sandusky eyed.
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Lorain County Speedway
CS Performance Parts
Cleveland St
Chris Blair
Steve Sears
Blair
Sears
Speedway
Elyria Neighbors
Chris
Cathy
Cathy Blair
Sandusky
Laura Schneider
Chasider
Chancetegram
Steve Manheim
Chronicle Motoring
CS Performance Parts & Engines
Amtrak pulls trains over tiny yaw damper cracks
Amtrak halted four of eight scheduled Acela Express trains in the Boston to Washington corridor after inspectors found cracks in yaw damper shock-absorbing assemblies. President David Gunn called the cracks tiny and nearly invisible, but warned they pose a derailment risk if the parts fail.
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Washington
Amtrak
Northeast Corridor
David Gunn
Stewart Papers Turned Over To House Panel In Probe
Lawyers for Martha Stewart handed over more than a thousand pages of e mail and telephone records to a House Energy and Commerce subcommittee examining her ImClone stock sale. Lawmakers may issue a subpoena to compel Stewart to appear as they pursue whether she knew FDA decisions before selling. Investigators plan at least two weeks to review the documents and cross check with her broker.
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Martha Stewart
House
Stewart
James Greenwood
R-Pa
House Energy and Commerce
Allyn Magrino
Capitol Hill
Martha Stewart Living Omnimedia Inc
Ken Johnson
Johnson
Food and Drug Administration
FDA
Greenwood
Biotech
ImClone
Billy Tauzin
R-La
Tauzin
WorldCom
Britain
Traud
Geraldine Kelly
House Energy and Commerce Committee
Trade and Industry Department
Kelly
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