Tyco finds new accounting problems
Tyco International says it uncovered a new round of accounting problems as it prepares for significant charges from intensified internal audits. The firm warned of a 55 cent per share hit and a likely second quarter loss of 23 cents, with $9 billion in second quarter revenue.
MENTIONED IN THIS ARTICLE
Tyco
New York
Tyco International Ltd
Wall Street Journal
ACT Fire and Security Systems
The
Journal
David Boies
Nanny Job Market Tightens As Demand Surges
Alicia Bartolozzi drew 50 calls in one day after advertising for a nanny as the job market tightens. Longtime nannies fear wage cuts and lost benefits while more applicants flood the field. Some families demand stricter screening and job ads shift to mail-in applications amid a shift to temporary on-call work.
MENTIONED IN THIS ARTICLE
Alicia Bartolozzi
Bartolozzi
Lee Martin
Raleigh
Renee Allen
Martin
Lepon
Armnel
Toon Pasoerd
Mares Ensana Conde
Wehow Notte
Arras
Fonda
Interes
Bencorp
Fox
Martha Stewart stock sinks after insider probe hits firm
Martha Stewart Living Omnimedia reports a first quarter loss of 4.51 million dollars as revenue falls 35 percent amid an ongoing insider trading investigation of founder Martha Stewart. Shares drop about 6 percent to 9.18 dollars as analysts forecast tighter outlook and continued advertiser pressure.
MENTIONED IN THIS ARTICLE
NEW York
Martha Stewart Living
Omnimedia Inc
Multimedia
Stewart
ImClone Systems Inc
Food and Drug Administration
Biotech
ImClone
Sam Waksal
Kmart Corp
Martha Stewart
New York Stock Exchange
Greenspan
U.S
Todd Clark
Wells Fargo Securities
Omnimedia
Multimedia Company
Wall Street
Goodyear Tire & Rubber
Wall Street posts second monthly gain amid mixed data
Wall Street closed modestly lower on Wednesday after a tepid trading session. Investors weighed a dismal Chicago purchasing managers report against hopes of an economic rebound from Fed chair Greenspan. The Dow fell 22.90 points to 8430.09 while the Nasdaq slid 6.99 to 1464.31 and the S&P 500 declined 0.92 to 916.92.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve
Alan Greenspan
Chicago
Midwest
Peter Dunny
Wall Street Access
Standard & Poor
Greenspan
House Financial Services Committee
Global Markets Mixed as Dollar Dips and Stocks Rise
The dollar slid against major currencies in Europe while gold and silver edged higher. European exchange rates showed the euro up to 1.1161 in New York trading with gains in London and Zurich. In U.S. markets, tech and media firms moved, Duke Energy beat estimates despite falling earnings, and the Russell 2000 rose 0.7 percent as overseas indices gained.
MENTIONED IN THIS ARTICLE
London
New York
Europe
Zurich
Hong Kong
JDS Uniphase
Fiberoptic Parts
Clear Channel Communications
Duke Energy
Wall Street
New York Stock Exchange
Japan
France
Britain
Germany
Also Mentioned on This Page
Pat Cascio
International Nanny Association
Princeton Junction
Scripps Howard
Tracey Chipps
Sean Ross
Chapel Hill
Starbucks
Chipps
Nannies
Third Equity
Iraq
Institute For Supply Management
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