WorldCom to pay 500 million to settle fraud charges
WorldCom Inc the long distance giant once facing 13 billion in falsified books agreed to pay investors 500 million to settle civil fraud claims. The SEC has called the settlement one of its largest yet and a judge will rule after June 11.
MENTIONED IN THIS ARTICLE
New York
WorldCom Inc
Securities and Exchange Commission
Jed Rakoff
WorldCom
MCI
SEC
McLcom
Mitch Marcus
Enron Corp
Arthur Andersen
Enron
Index signals slow growth for economy in April
The Conference Board’s Index of Leading Economic Indicators rose only 0.1 point to 1106 in April, with slight gains from stock market and consumer expectations but ongoing weakness in labor and manufacturing. Economists expect GDP to rise 1.5 percent annualized in Q2, though momentum remains slow. Major averages fell after the report with Dow down 177, Nasdaq off 37, and S&P 500 lower by 22.
MENTIONED IN THIS ARTICLE
New York
Research Institute
Conference Board
Ken Goldstein
Goldstein
Weirton Steel files for Chapter 11 bankruptcy
Weirton Steel Corp., a 1100-employee, tin producer across the Ohio River from Steubenville, filed for Chapter 11 protection in Weirton West Virginia. The company reported about 654.5 million in assets and 1.41 billion in debt as of March 31 and plans a reorganization within six months aided by a 225 million financing package.
MENTIONED IN THIS ARTICLE
Weirton
W.va
Weirton Steel Corp
Ohio River
Steubenville
Ohio
Weirton Steel
John Walker
Walker
U.S. Steel-National Steel
International Steel Group
Bethlehem Steel
Wheeling-Pittsburgh Steel
Contractor scams rise in Elyria as homeowners warned
Elyria police warn homeowners about deadbeat contractors amid spring home upgrades. Chief Michael Medders urges checks like references, gut instincts, and not paying upfront. Case: Sandi Miller hired Counter Act's Bill Pavlak for kitchen remodels, paid $2,000 in 2002, work never started, court ordered $2,500, Pavlak faces bankruptcy. BBB Cleveland lists four Counter Act complaints with no responses.
MENTIONED IN THIS ARTICLE
Elyria
Michael Medders
Medders
Sandi Miller
Bill Pavlak
Counter Act
Pavlak
Miller
Pavilak
Small Claims Court
Better Business Bureau of Cleveland
Bureau
Paviak
Better Business Bureau
Tom Dotson
Don’t Get Scammed by a Dishonest Contractor
Elyria Police report warns of contractor scams with door to door offers, cash-only payment, no business number, prepayment pressure, and demands to obtain permits. Carolyn Polanski notes Cleveland bureau tips on avoiding scams and directs readers to the BBB site for guidance.
MENTIONED IN THIS ARTICLE
Miller
Carolyn Polanski
Bureau
Cleveland
Better Business Bureau of Cleveland
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Communications Giant
Cooking
Justice Department
David Myers
Scott Sullivan
Myers
Sullivan
Bernard Ebbers
Gary Thayer
Adrian Burns the
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Elyria Police Dept
Estoces
Nor
NYSE
YORK
Ory
Han
Aen Telecom
Alte
Marian Greetings
Bob Evans
Cedar Fair
CenturyTet
CVS Corp
DaimlerChrysler
Diebold Ihe
Emerson Electric
Englehard
First Third Bancorp
First Energy
Ted
RPM Inc
Shonen Willams
Smweke
TRW Inc
USX
Walrrant
Wendy's
Au Statao Sa
Goomens
Theo
Oak Moral
Boyes
Vision Council of America
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