H and R Block sued over 250 million fraud claim
New York state filed a 250 million fraud suit against H and R Block alleging it steered more than 300 000 customers into an Express IRA retirement vehicle that shrank over time due to fees and a money market option. Spitzer leads the case citing illegal marketing and hidden costs. Block defends the product and vows to fight.
MENTIONED IN THIS ARTICLE
New York
New York State
He&r Block Inc
Block
Ior Spitzer
Kansas City
California
H@R Block
Supreme Court
Manhattan
Express Ira
Spitzer
H&r Dock
Mark Afienet
Enron whistleblower testifies on Lay meeting and job threat
Sherron Watkins, former Enron vice president, told jurors she discussed concerns about off the books financial structures with founder Kenneth Lay on August 22, 2001, and learned months later her job was at risk after speaking up. She recalled Lay’s surprised reaction and described how the accounting maneuvers could strand hundreds of millions in debt while stock carried the repayment. Watkins read notes including a warning that Enron could implode from accounting scandals and reflected on Lay’s reaction to an employee message about their crooked company. She disclosed stock sales totaling about 90 000 late 2001 and admitted profits exceeded marketplace norms.
MENTIONED IN THIS ARTICLE
Houston
Sherron Watkins
Enron
Hisheraps
Keneth Lay
Lay
Jeffrey Skilling
Watkins
Earth
Accoutant
Andrew Fustow
Inron
SEC
Meno
Congress
John Houston
UAW talks with Delphi GM face remaining hurdles
UAW officials described talks as constructive yet with obstacles in negotiations with Delphi Corp and its former parent General Motors. UAW Vice President Richard Shoemaker met Detroit leaders representing about 28,000 Delphi workers nationwide. Paul Krell, a UAW spokesman, said details remained unsettled.
MENTIONED IN THIS ARTICLE
Detroit
United Auto Workers
Delphi Corp
General Motors Corp
UAW
Richard Shoemaker
Delphi
Paul Krell
Delphi bankruptcy filing and union contract talks proceed
Delphi filed for bankruptcy protection on October 4. CEO Steve Miller warned he would seek to overturn union contracts if a labor agreement is not reached by March 90. Union leaders say that outcome could trigger a strike.
MENTIONED IN THIS ARTICLE
Shoemaker
Thade
Delphi
Steve Miller
S&P Clears 1400 Mark For First Time Since 2001
Markets rose on a second day of gains as upbeat Fed and DuPont reports boosted stocks. The S&P 500 surpassed 1400, led by industrials materials and transportation, with the Empire State index at its strongest since 2004 and the Dow finishing at 11208.97.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve and DuPont Co
Standard & Poor
Tobias Levkovich
US Equities
Citigroup
New York State
Institute For Supply Management
U.S. Federal Reserve
Fed
Dow
Waak
Aone Dow
Dow Transportation
Tans Russell
Stock Exchange
Nyse Avex
Naspan
Ong
Onve
Nema
MowieGal
Idraca
Eneiston
Bassia
Stel
Bec
Fredmind
ScTich
Foster Virderan
ISS
Pacoh
Opera
Abrams Ty
Mare
luresiCy
Tz FiterFog
A Ware
Somanic
Bora S
Ag talWwdGn
Rancertak
AB Epee
Excel
odysMar
Samitir
Esa
Isreafes
O Avant
Exxonbutt
Isheinv
Sochig Amd
United NY
Lucent
Appia
Dar
Naval
Nonison
Lami
Fordat Ab
Sis
Sucka
Hara
Howitt NY
Stods
US Steel
Wallen My
Pye
Treasur
NAS
Mexico
Oyac Switzerind Ra
U.S. Salars
Daj Mina
American Furals
GVA
Fide
Fiesa
Wena
AXACO
Gor
Acuaires Funda Ac Locas P
SMA
Fidelity Invest Hagatn No
American Funds A
Eupac P. IL
Amercan Funds A Coplan Pm
BTS
American Funds & CapWoa P
Areca
ANF
Ug Azo
Fidelity
Fiesty Investiva
Baur
Warguard
Lacescan Funes
Venguerd Fe
Wedel
Fidetty Brvest Grota
ALUN
Jaranean
Flava
Frey Invest
Fidatty Invest
Horgage
Cankcan
Also Mentioned on This Page
H&r Block
Samuel Maul
The
Associated Press
Michael Graczyk
Henston
Wadnesday
Kenneth Lay
Osiness Inbrief
Maln
S&p
Buckeye Bank
Community Bank
Sheffield Center
Lorain
Qquavtiaigy
Dow Jones
Industrials
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