SEC to scrutinize WorldCom report in probe
The SEC seeks a sworn WorldCom report detailing the accounting scandal after alleging nearly 4 billion dollars in concealed expenses. Harvey Pitt warned of severe penalties for false statements as investigations widen to Xerox Halliburton and executive accountability.
MENTIONED IN THIS ARTICLE
SEC
WorldCom Report
Washington (Ap
Securities and Exchange Commission
Harvey Pitt
WorldCom
Clinton, Miss
Senate
Pitt
Xerox Corp
Ye Dot
Xerox
execu _tives
At&t
Portraiture boom as artists capture public figures
Ben McCready, living in a basement studio, painted Robert Redford after his assistant requested a photo. The portrait joins a growing wave of artists turning to portraits, with experts noting a shift from photography to lasting, family‑oriented likenesses across eras from the 17th century to today. McCready has painted presidents and figures like Wayne Gretzky, highlighting a rise in full‑time portrait work amid mortality awareness.
MENTIONED IN THIS ARTICLE
Whitewater
Wis
Ben McCready
Robert Redford
McCready
Redford
New York City
Jennifer Williams
American Society of Portrait Artists
Carolyn Kinder Carr
Smithsonian National Portrait Gallery
Washington, D.C
Carr
Mary Cassatt
Kathryn Evans
Smithsonian Gallery
Ford
Carter
Reagan
Bush
Wayne Gretzky
Benjamin McCready
Jolly Rancher Unwraps World’s Largest Lollipop
In Chicago at the Taste of Chicago Hershey Foods Corporation unveiled a Guinness World Records certified lollipop weighing 4,076 pounds with a 62.8 inch diameter and 18.9 inch thickness. The cherry treat aims to set a new record beyond prior sizes.
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Jolly Rancher
Chicago
Hershey Foods Corporation
Investigators: No record of Stewart broker stop loss deal
Congressional investigators reviewing ImClone stock trades linked to Martha Stewart found no credible record of a stop loss arrangement with her broker Peter Bacanovic to dump shares when the price fell. The House committee aims to interview Bacanovic and Faneuil and continues to scrutinize trades by Stewart and Waksal relatives, amid broader ethics questions and prior FBI actions.
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Washington
Martha Stewart
House Energy and Commerce Committee
Stewart
Peter Bacanovic
Bacanovic
Ken Johnson
Johnson
Merrill Lynch & Co
Joss
Stewarts
Newsweek
House Committee
Samuel Waksal
Waksal
Food and Drug Administration
ImClone
FBI
House
Douglas Faneuil
Faneuil
Merrill Lynch
Campany
No-growth recovery worries economists warn of slower rebound
Economists fear a stubborn, no-growth recovery as Scandals, stock declines, and a weak dollar sap the impact of tax cuts and low rates. Consumers stay wary, with auto and retail sales slipping in May and personal consumption spending down first time in six months amid disclosures of Enron-era misdeeds and restatements at WorldCom and Xerox.
MENTIONED IN THIS ARTICLE
Washington
United States
Almerica Contme
James W. Paulsen
Wells Capital Management
U.S
Enron
WorldComp, Inc
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