Prominent Trader Jefferies to Plead Guilty and Aid Probe
Boyd L. Jefferies, founder of Jefferies Group, will plead guilty to two securities fraud counts and cooperate with investigators. He resigns as chair of Jefferies & Co. and Jefferies Group, which built blocks of stock for takeovers, and faces possible five year sentences per count. He had ties to Ivan Boesky in a parking scheme and settled a five year trading ban with the SEC.
MENTIONED IN THIS ARTICLE
Los Angeles
Wall Street
Boyd L. Jefferies
Jefferies & Co
Jefferies Group Inc
Jefferies
Ivan F. Boesky
Boesky
U.S
Rudolph W. Giuliani
New
New York
Jeffries
Securities and Exchange Commission
Jefferies Group
Consumer spending rebounds as income rises in February
The Commerce Department reports a 1.7 percent rise in personal spending in February and a 0.9 percent gain in personal income, aided by one time tax factors and farm subsidies. The Dow nears 2300 as markets push to record territory, while FDIC notes banks posted losses for the previous year.
MENTIONED IN THIS ARTICLE
Commerce Department
Michael K. Evans
Evans Economics Inc
Federal Deposit Insurance Corp
FDIC
Kidron Auction Posts Large Livestock Sale Totals
At Kidron Auction 569 consignors sold 1 876 head of livestock. Hogs weighed 180 to 260 pounds brought 35.25 to 50.50 per hundredweight, calves and cattle moved in varied ranges, with dairy cows and open heifers also auctioned. Two horses and extensive hay and straw lots were listed among the offerings.
MENTIONED IN THIS ARTICLE
Kidron
Metal prices close on New York Mercantile Exchange
Closing Comex prices show Gold at 405.30 per troy ounce and Silver at 5.573. Platinum closes at 521.00. Spot nonferrous values list Aluminum 59.90 cents, Copper 63.65 cents, Lead 26 cents, Zinc 41 cents, Tin 4.1599, Mercury 210 to 240 per 76 pounds, with United States destinations indicated.
MENTIONED IN THIS ARTICLE
New York
U.S
AmeriTrust maps steps to stall bid
AmeriTrust Corp plans a 2for-1 stock split subject to shareholder approval and an increase in authorized shares to 100 million. The May 14 annual meeting will vote on the split and a higher regular dividend to at least $2 per share beginning with the May dividend. Alfred Lerner led investment group holds 9.6 percent stake for $81 million, raising takeover or sale speculation.
MENTIONED IN THIS ARTICLE
Cleveland
AmeriTrust Corp
AmeriTrust
Jerry V. Jarrett
Jarrett
Cleveland Investment Partnership
Alfred Lerner
Progressive Corp
Wall Street
Lerner’s Group
Also Mentioned on This Page
York
Associated Press
NYSE
Asarco
AuRich
Baxter
Boeing
BrGas
Lsat BritPt
BritTel
CIGNA
Cnsf
Disney
Thy duPont
Etlie Ekodk
Toy
Aerads
AB Uy Equitak Exxon
Bae Ys
Ye FamDl
Fincpa
Gannett
Kmart
Kylariot
Mayds
McDall
MerLyn
Bae
Te Salomon
Sears
Syntex
Tandy
Texaco
Usrom
UnTech
UniTel
Upjohn
Pierre R. Smith
Acmeé Cleve
Allied Corporation
YG Alltel
All AmerShip
American Standard
Centerior
Central Bancorp
CPC Thter. Inc
Emerson
First Bancorp
Fruehauf Ad Goodrich
IC. Industries
Invarare
LCB Bancorp
LNB Bancorp
Esco Inc
Nordson
Northern Savings
Ohio Edison
Parker Hannifin
Smuck
Kidron Livestock
Narcotics Anonymous
Alcoholics Anonymous
Elyria
Lorain
Canon PD
Hitachi
Planyo D
Toshiba
SFRI
Eno
R’s Baugh
Ronen
Magnavox
Sylvania
Teknika Tsubishi
Stewarts
Macon
Lael
BNET
Freedom Center
Middle Ave
P.O. Box
Elyna
Ohio
Equal Housing Lender
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