Testimony ends in Enron trial with upbeat defendants
After 54 witnesses over three months the Enron fraud case ends its defense case as Kenneth Lay and Jeffrey Skilling speak confidently outside the Houston courthouse. The eight woman four man jury will hear closing arguments May 15 to decide one of the era’s defining corporate scandal cases.
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Wachovia Bids $24 Billion for Golden West Financial
Wachovia Corp. offers about $24.2 billion to acquire Golden West Financial, a deal that would add 285 branches across 10 states and $32 billion in deposits. The price valued Golden West at $81.07 per share initially, but declined as Wachovia’s stock fell amid earnings concerns. Golden West operates as World Savings Bank and would expand Wachovia’s regional footprint in the West.
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Wachovia Expands to Third Largest US Bank by Assets
Wachovia expands its commercial banking footprint in the United States and would control about 669 billion in assets, ranking behind Citigroup Bank of America and JPMorgan Chase as of March 31, 2006. Wells Fargo and Washington Mutual follow with assets around 492 and 349 billion.
Apple loses bid over Beatles logo in iTunes case
Britain High Court rules Apple Computer may use the apple logo with iTunes as a service mark, not implying a link to The Beatles music. Apple Corps plans an appeal as Judge Mann notes fair use of the logo. Apple says the ruling ends the dispute for now. Apple has sold over 1 billion songs via iTunes.
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LCCC hosts conference on recruiting and retaining workers
Lorain County Community College will host a full day conference June 9 at the Spitzer Conference Center to share strategies for recruiting and retaining top employees. A panel of local employers will discuss their efforts. cost is 150 for the day, 85 for half day, early registration 125 by May 16.
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