SEC advances audit rule overhaul for independence
The SEC unveiled proposed rules to strengthen audit committee oversight by mandating fully independent directors, direct reporting of auditors, and protections for whistleblowers. Deadlines place compliance by a year post rule adoption, with NYSE and Nasdaq urging stricter independence standards.
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Securities and Exchange Commission
Sarbanes-Oxley
Stock Exchange
Indepen
Roel Campos
America
SEC
New York Stock Exchange
Audit Committee
NYSE
U.S
Wandgement
Germany
Wendy's Remains Strong After Thomas Death
Wendy's International pushes a new campaign "It's better here" after founder Dave Thomas died of liver cancer last year. CEO Jack Schuessler says the firm is transitioning from Thomas's ads, expanding through Baja Fresh Mexican Grill and investments in Pasta Pomodoro and Cafe Express while preserving core values.
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Dublin
Dave Thomas
Wendy's
Thomas
Jack Schuessler
Fort Lauderdale
Fla
Tured Thomas
Columbus
Wendy’s
Dave
Schuessler
Baja Fresh Mexican Grill
Pasta Pomodoro
Cafe Express
Ask Jerry Getting Super Bowl Tickets and Stock Prices
A reader asks if two Super Bowl tickets can be afforded and gets guidance on a random drawing offering 500 pairs each year with face value. Also, advice on locating original purchase prices for two NYSE stocks from 1923 and 1963, using library archives and microfilm resources.
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Jerry
Adam
Super Bow
Mascoutah
National Football League
New York City
Jeff
New York Stock Exchange
Standard & Poor
Wall Street dips on negative earnings from major firms
Wall Street fell as negative earnings from Gateway and Alcoa weighed on sentiment, with the Dow dropping 145.28 to 8595.31 and the Nasdaq down 30.50. Analysts cite profit-taking after a three day rally and wary outlook ahead of more quarterly reports, though some see a patient recovery possible with tax cuts tied to dividend tax elimination. General Motors and Bank of New York also moved lower on pension and acquisition news.
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Gatewar
Wall Street
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Dow
Standard & Poor
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Goldman
Todd Clark
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General Motors
Bank of New York
Credit Suisse First Boston
Pershing
Telecommunications
BellSouth
Verizon
Sheetz eyes Ridgeville for new 4700-square-foot store
Sheetz plans a 4700 square foot, 8 to 9 pump station with car wash at Lorain and Lear Nagle roads in North Ridgeville. The store will feature four touch screen order kiosks for made to order sandwiches and salads, aiming to outpace nearby competitors along I 480. The land is leased from Rimi Realty of Fairview Park, with plans to present to the North Ridgeville Planning Commission.
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North Ridgeville
Sheetz
Lorain County
Lorain
Lear-Nagle
Steve Augustine
Altoona, Penn
Augustine
Deanna Hill
Interstate 480
Rimi Realty Company of
Fairview Park
Easter Seals lands Invacare donation
Invacare Corp donated more than 1,100 pieces of medical equipment worth over 33000 to Easter Seals of Northwestern Ohio in Lorain. The items include transfer benches and grab bars to aid disabled people across 15 northwest Ohio counties. Equipment is loaned for three to six months with a small fee, sometimes waived. Medicare often does not cover such items.
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Elyria — Invacare Corp
Easter Seals of Northwestern Ohio
Lorain
Carol Cunningham
Ohio
Medicare
Cunningham
Euro climbs to three year high as dollar weakens
The euro rose above 1.05 dollars to a three year high after a bond fund manager urged a softer dollar. The dollar slipped against the yen to 119.05, the Swiss franc to 1.38, and the Canadian dollar to 1.5615 as the pound rose to 1.6119. The Venezuelan bolivar hit an all time low amid a 48 hour bank strike and weak debt demand.
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New York
Dow Jones/ AP
Marvel Surges as UBS Downgrades Two Firms
Marvel Enterprises climbed 0.65 to 10.80 after lifting its 2002 performance target. Market breadth favored decliners 9 to 5 on the NYSE, with moderate volume of 1.43 billion shares versus 1.55 billion prior. The Russell 2000 slipped 4.88 to 383.07, down 1.2 percent.
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UBS Warburg
Marvel Enterprises
New York Stock Exchange
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Jeff R
Baton Rouge
Jerry Romansky
Washington, DC
Askjeny
Earthlink Net
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Seville
Cts
Ridgeville
Brad Dicken
Bdicken
Stegram
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