New AOL Time Warner chief Parsons takes helm at crisis
Richard Parsons becomes chief executive at AOL Time Warner amid a slide in stock value and ad revenue. He outlines a six month plan focusing on credibility, streamlined structure, and growth while avoiding big acquisitions. Parsons aims to balance innovation with synergy in the wake of the 2000 merger.
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New York
Richard Parsons
Dime Savings Bank
Parsons
AOL Time Warner
Harlem
Apollo Theatre
Dime
Boon Times
America Online
Time Warner
Bane of America Securities
Manhattan
Parson
Corpo
Brooklyn
Queens
Rockefeller Center
Duck
Bugs Bunny
Warner Bros
Steve Case
Gerald Levin
Levin
AOL
Pittman
Dulles
Ted Turner
Ute Weld
Weekrot
Financier admits to stealing money in Greenwich mansion case
Martin Frankel pleaded guilty to 24 federal charges including wire and securities fraud racketeering and forfeiture after stealing about 208 million from small insurance firms across several states. He lived lavishly in Greenwich, fled in 1999, and faces up to 150 years in prison with potential restitution reduced for cooperation. Additional aides and associates linked to the case remain charged or sought by authorities.
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Wew Haven
Conn
Martin Frankel
Hugh Hefner
Greenwich
Frankel
U.S
Ellen Bree Burns
Arkansas
Mississippi
Souri
Oklahoma
Tennessee
Hamburg
Germany
United States
Mona Kim
Sonia Howe
Gary Annip
Kaethe Schuchter
U.S. District Court
New Haven
Stocks end mixed as tech shares advance third straight day
Tech stocks led gains for a third day while the Dow slipped 54.46 to 10,243.68. The Nasdaq rose 6.51 to 1,725.55 and the S&P 500 fell 6.21 to 1,091.07 as investors weighed inflation and production data and awaited earnings signals from IBM and others.
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New York
Wall Street
Philip Dow
Equity
Dain Rauscher Wessels
Minneapolis
Dow
Standard & Poor
al Mirman
V Finance
Sarasota
Fla
Mirman
Applied Materials
Dell Computer
Dow Industrial
IBM
Hewlett-Packard
Internet radio faces demise under federal royalty plan
Internet radio advocates warn a federal plan could crush the industry by imposing high royalties on songs played online. Industry reps say artists should be compensated fairly, noting webcasters can succeed only with sound recordings. A Copyright Arbitration Royalty Panel decision on rates for Internet broadcasters is pending.
MENTIONED IN THIS ARTICLE
Washington
Jonathan Porter
The
Digital
Recording Industry Association of America
U.S
Copyright Office
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Tomas
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Center For Leadership Education
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Center For Leadership In Education
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