Hewlett suit against Compaq merger is dismissed
A Delaware judge cleared Hewlett Packard of wrongdoing in the proxy fight over HP's planned 18.4 billion acquisition of Compaq, likely clearing the way for the merger. The ruling said former HP director Walter Hewlett failed to prove that HP used investor support or misled investors about merger progress.
MENTIONED IN THIS ARTICLE
San Jose
Calif
Delaware
Hewlett-Packard Co
Allegatons
Compaq Computer Corp
William B. Chandler
Walter Hewlett
Hewlett
Delaware Supreme Court
Palo Alto
Deutsche Bank
Web Cuercea
Carly Fiorina
Robert Wayman
Wayman
Andersen subpoena refused in Enron probe
Washington AP The House Energy and Commerce Committee refuses to turn over Andersen documents tied to interviews with chief Enron auditor David Duncan, citing constitutional grounds. Andersen faces a trial Monday on a criminal obstruction charge over shredding Enron documents, with Duncan having pleaded guilty and agreed to cooperate with prosecutors.
MENTIONED IN THIS ARTICLE
Washington
House
Enron
Arthur Andersen
Andersen
House Energy and Commerce Committee
David Duncan
Duncan
WorldCom chief Ebbers resigns amid probe and decline
Bernard Ebbers quits as WorldCom president and CEO as the company faces an SEC inquiry into its finances and a slide in profits and share value. Vice chairman John Sidgmore will take over, Bert Roberts remains chairman, while 3,700 U.S. jobs are cut.
MENTIONED IN THIS ARTICLE
Clinton, Miss
Bernard J. Ebbers
WorldCom Inc
SEC
WorldCom
John Sidgmore
Ebbers
Bert Roberts
Clinton
Sidgmore
Wall Street
Securities and Exchange Commission Investiga
At&t Corp
Sprint Corp
United States
Stocks Rise Amid Bargain Hunt Yet Rally Faces Pullback
Wall Street indices closed higher as bargain buying offset lackluster earnings and weak consumer confidence. The Dow added 126.36 to 9,946.22, Nasdaq rose to 1,687.90 and S&P 500 to 1,076.87, but gains waned late as investors still doubt a durable turnaround. Dynegy jumped 4.18 to 18 after securing a $900 million credit line. Qwest edged up to 5.03 after reaffirming 2002 targets.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Duncan Richardson
Eaton Vance
Dow
Standard & Poor
S&p
Dynegy
Qwest
Dollar Rises Against Most Currencies Amid Stock Rally
The dollar strengthens against major currencies in New York after a week-long decline. Euro slips to 0.9003, yen at 128.57, and Canadian dollar at 1.5682. British pound dips to 1.4571 as Dow leaders like Dow, Boeing, and Intel gain. WorldCom falls on Ebbers resignation. Eli Lilly lowers forecast. Retailers drop as market remains cautious.
MENTIONED IN THIS ARTICLE
New York
Jones/AP
Dow Industrial
J.P. Morgan
Dow
Boeing
Intel
WorldCom
News
Bernard J. Ebbers
John Sidgmore
Conference Board
Wall Street
Eli Lilly
Wal- Mart
Home Depot
Brian Bruce
Global Investments
PanAgora Asset Management
Linda Lay opens Jus Stuff antique shop in Houston
Linda Lay wife of Enron ex chief executive Kenneth Lay plans to downsize by opening Jus Stuff an antique and secondhand shop in Houston. The Lay family will sell personal property furniture from rental properties and items from acquaintances along with new merchandise and design services. A Lay spokeswoman said she has worked all her life.
MENTIONED IN THIS ARTICLE
Kenneth Lay
Houston
Linda Lay
Enron
Jus
Kelly Kimberly
Lay
Robin
Kimberly
Also Mentioned on This Page
Compaq
Fiorina
Deutsche
Bernard Ebbers
WorldGom
Cere Mits Benson
Americas
Dave
Cal
Verizon Wireless
Verizonwireless.com
Radiosnacix
America's Choice
Digital Choice
Wecalen Orin
Motorola
I Vist
Nba.com
Vertio
Verizon Wireless Communications
Elyria
West River
Sandusky
West Parkins Ave
Sandusity Ton
Motorola Corporation
Overizon Wireless
John A. Spitzer
Lorain County Community College
Ohio
The
Lorain County Bar Association
Lorain County Community College Foundation
Firelands and
Cleveland
Ohio Society of Cpas
Lorain County
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