PwC agrees to pay SEC fine over auditor independence
PricewaterhouseCoopers will pay a publicized million to settle SEC accusations it violated independence rules by approving its own consulting fees. The deal censures the firm and requires changes in its audit practices across 16 public companies. The SEC notes improper fee arrangements where investment bankers advised clients for fees tied to deal success.
MENTIONED IN THIS ARTICLE
Washington
PricewaterhouseCoopers
Securities and Exchange Commission
SEC
Opel
Bennigan's opens new Irish American Grille in Elyria
Bennigan's prepares to open its Elyria location at 1550 West River Road near Westfield shopping center on August 5. General manager Steve Urso touts Irish hospitality and family service, with a Gaelic toast served with drinks. The restaurant offers American fare from hamburgers to chicken alfredo, plus a health club menu and beer dispensing at 29 degrees. Local inspections by the fire department are pending. hiring continues with about 75 percent filled.
MENTIONED IN THIS ARTICLE
Elyria
Ireland
Steve Urso
Bennigan
West River Road
Westfield Shoppingtown Midway Mall
Urso
Phil Laketta
Fire Department
Bennigan’s
Lorain County
Tim Matheny
Fred Oliviert Construction Co
Matheny
Court weighs bids for LTV Copperweld division
In Elyria a bankruptcy court reviews bids for LTV Corp Copperweld division with 75 local workers at stake. Bids were due July 10 and a winner will be chosen by July 31. Copperweld, based in Youngstown, is a major maker of electrical metallic conduit and welded pipe with four plants including Elyria.
MENTIONED IN THIS ARTICLE
Elyria
LTV
Copperweld
LTV Corp
Massey Avenue
International Steel Group
W.L. Ross & Co
Basic Steel
Youngstown
North America
Elyna
Wall Street Ends a Losing Streak in Volatile Trading
Wall Street posted its first gain in nearly two weeks as the Dow rose 69.37 points to 8542.48 and the Nasdaq advanced 21.99 while the S&P 500 gained 5.10. Analysts cautioned the rally may be a brief rebound amid ongoing volatility and doubts about a sustained market recovery. Financials mixed. Intel up after strong results despite job cuts. Coca-Cola fell despite higher profits. Overseas markets also rose on the day.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Standard & Poor
S&p
Kevin Caron
Ryan, Beck & Co
Livingston
N.J
Boeing
Ford Motor Co
Coca-Cola
Citigroup
Compan
Salomon Smith Barney
Citibank
LP Morgan Chase
Intel
Juniper Networks
Federal Reserve
Alan Greenspan
House
Michael Murphy
Wachovia Securities
Commerce Department
Hancing
Britain
France
Also Mentioned on This Page
Enron Corp
Arthur Andersen
Stephen Cutler
Pimulcriese Uyisut Supe
Laura Schneider
Gene Kress
Chronicle
Insh
Cedar Springs
Counce
Tenn
Ferndale
Mich
Krishn Yarbrough
Kyarbrough
Chronicletelegram
Alltel
Oren Zo
Jalitel
Tiger Market
Detroit Tigers
Ernie Harwell
Andre Chase
Harwell
American Stock Exchange
Cuyahoga County
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