Liability urged on firms in insider trading cases
Washington AP reports that top securities prosecutor Rudolph Giuliani backs making firms pay when their employees trade on non public information to curb insider dealing, while warning for good faith exemptions. SEC Chief Ryder notes Morgan Stanley probe and potential firm liability, with Rep. Markey pushing broader penalties and private suits.
MENTIONED IN THIS ARTICLE
Washington
Giuliani
Securities and Exchange Commission
David S. Ryder
Ruder
Edward J. Markey
D-Mass
House Energy and Commerce Finance Subcommittee
John W. Bachmann
Securities Industry Association
Bachmann
SEC
Commodities Close Mixed as Metals Prices Edge Higher
New York stocks report COMEX closing prices show GOLD at 442.60 per troy ounce and SILVER at 69.37 per troy ounce while PLATINUM stands at 44.50. Nonferrous metals list aluminum 1.24 per pound copper 0.9840 per pound lead 0.364 to 0.38, zinc 0.66 to 0.70, tin 45.253 per pound, and mercury 0.4609 per 74 pound flask.
MENTIONED IN THIS ARTICLE
New York
PacTel
NYSE
PhilPet
Putin
Amiac Ata
Amoco
Anheus
Ye Schimb
Amrich
SierPac
SmkBek
Baxter
Syntex
Tenaco
Texaco
Citcrp
Ucarh
Iar
Usarg
Uswest
Comdre Cmwe
UniTel
Jalin
Mercere
Digital
Weyer
duPont
Endesa
Exxon
FadHm
Pta
Pierre R
Gannett
First Bancorp
Guiwst S
AD Goodrich
Hudson Aga
Fyross
Hills Dept
Halpin
Co LC Industries
Hansan
Invacare Rie Harris
LEB Bancorp
LNB
Bancorp
Bat Lesca Tne Aly
Nordson Ingo
Qhio Edison
PNC
Damswine
Y Parker Hannifin
Kmart
Smucker
Sunrive Medical
Texas
Wentworth
Tilgo
The
York International
Manon
Sy Morgan
Private accounts urged to tap Social Security surplus
Morgan Guaranty Trust Co. study recommends partial privatization to raise U.S. savings, with workers diverting 2 percentage points of payroll tax into private accounts starting 1990. The plan would reduce Social Security benefits in exchange for investment flexibility and stricter withdrawal rules.
MENTIONED IN THIS ARTICLE
Washington
Morgan Guaranty Trust Co
United States
Morgan
World Financial Markets Report
J.P. Morgan & Co. Inc
Study shows majority of new moms return to work
A Census Bureau report notes 50.8 percent of new mothers return to or seek work within a year of birth, rising from 31 percent in 1976 and 49.8 percent by 1986. Experts cite education, aging motherhood, and child care access as drivers, marking a shift toward dual-income families and new employer practices.
MENTIONED IN THIS ARTICLE
Washington
America
Census Bureau
Martin O’connell
Bureau
Fertility Statistics
O’connell
Panel reasserts GSA over Perot postal contract dispute
The General Services Administration appeals board says it has jurisdiction over the Texas billionaire H Ross Perot postal contract and will hear protests. The Postal Service counters that the board lacks authority and suspended the pact, citing Brooks Act compliance questions and agency contracting rules. The service seeks a federal appeals court ruling on board jurisdiction over 115 activities with no hearing date set.
MENTIONED IN THIS ARTICLE
Washington
General Services Administration Appeals Board
Texas
H Ross Perot
Postal Service
GSA
Perot
Board of Contract Appeals
Jim van Loozen
van Looren
Board
Insider Suit Settled In Omaha Over Insider Trading
Omaha business executive Donald L. Sturm agreed to pay the government over 282000 dollars to settle civil insider trading charges without admitting guilt. The SEC alleged Sturm obtained non public information about a North Carolina air cargo service takeover and passed it to a friend who bought 30000 shares, profiting about 128412 dollars. He is a bank owner and vice chairman of Peter Kiewit Sons Inc. Heck's Inc announced it would close 35 of its 120 discount stores under a federal bankruptcy plan.
MENTIONED IN THIS ARTICLE
Omaha, Neb
Donald L. Sturm
Securities and Exchange Commission
SEC
Sturm
Peter Kiewit Sons Inc
Ange Haden
Also Mentioned on This Page
Rudolph W. Giuliani
U.S
Manhattan
House
Wall Street
Ryder
Stephen Wang Jr
Wang
Morgan Stanley & Co
Fred C. Lee
Hong Kong
Ivan Boesky
Morgan Stanley
Internal Revenue Service
Markey
éGhitege Tribuhé Graphics
Corie
Social Security
Treasury
O'Connell
van Loozen
Contracts Board
Postal Reorganization
van Leezen
Federal Appeals Court
EMI
Einomeris EI
Ison Air Conditioner
Koo
Oserun Das
Ghtanid Avi
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