ImClone founder Waksal pleads guilty in insider case
Samuel Waksal, founder of ImClone Systems, pleads guilty to six counts including securities fraud and conspiracy. He admits tipping his daughter to dump stock before FDA decision and faces sentencing in January. Stewart and Bacanovic deny guilt. prosecutors warn of potential new charges.
MENTIONED IN THIS ARTICLE
New York
Samuel Waksal
ImClone Systems
Martha Stewart
Waksal
Stewart
Aliza
Michael Schachter
Jume
FDA
Fto
Dubitey Aankian Shahoe
Waksal’s
Peter Bacanovic
Merrill Lynch
Sam Waksal
Bacanovic
Douglas Faneuil
Faneuil
Oth
Ers
Mick Jagger
Securities and Fachange Commission
Loomis Camera Co. retools for complete camera focus
Elyria store owner Howard Foxman shifts Loomis Camera Co. from cards and gifts to a full service camera shop. The Broad Street business expands digital and used cameras, accessories, repairs and photo finishing while considering a future in‑store studio space.
MENTIONED IN THIS ARTICLE
Elyria
Loomis Camera Co
Broad St
Howard Foxman
Foxman
Larry Mincey
Tom Peters
Peters
Meat recalls mount amid safety concerns across U S industry
The beef and turkey recalls total tens of millions of pounds this year as contamination scares prompt producers like ConAgra Cargill and Pilgrim's Pride to pull product. Industry and consumer groups clash over whether safety standards are tightening while a deadly listeria outbreak prompts renewed calls for stricter rules.
MENTIONED IN THIS ARTICLE
ConAgra
Cargill
Pilgrim’s Pride Corp
U.S
Tom Willard
National Food Processors Association
Washington, D.C
Bush
Pilgrim’s Pride
Karen Taylor Mitchell
Safe Tables
Consumer Food Safety Group
Mitchell
Rosemary Mucklow
National Meat Association
Washington
Judge orders PBGC to provide evidence in pension seizure case
U.S. District Judge Peter Economus ruled the Pension Benefit Guaranty Corporation must submit evidence to show whether its decision to seize Republic Technologies International pension funds was arbitrary. The case involves shutdown pensions denied to LTV Corp and CSC Industries workers and a union bid to restore them. Nov 1 and Nov 22 are deadlines for filings and rebuttals.
MENTIONED IN THIS ARTICLE
Republic
Fusco
Republic Technologies International
PBGC
Economus
The
Union
Economus Will Isue
Businesses trim August inventories amid weak recovery
Washington AP reports that in August inventories on shelves and back lots fell 0.1 percent, the first drop in four months as retailers and others kept stocks lean amid economic uncertainty including the Iraq situation. Sales rose 0.2 percent as profits remain pressured and firms delay spending and hiring.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Iraq
Clifford Waldman
Waldman Associates
Juwy
Citigroup
General Motors
Wall Street
Dow surges above 8000 on upbeat earnings rally
The Dow Jones rose 378.28 to 8,255.68 led by Citigroup General Motors and Johnson & Johnson gains. The Nasdaq and S&P climbed over four sessions, marking a sustained rally as investors welcomed third quarter reports and cost cutting notes. Intel after hours trade changed sentiment while Dow components and banks led gains.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
Dow
Citigroup
General Motors
Johnson & Johnson
Standard & Poor
Nas- Amey Tare Eet
Arthur Hogan
Jefferies & Co
S&p
Larry Wachtel
Prudential Securities
Intel
Dell Computer
Microsoft
Wall Street
Bank of America
Wachtel
American Eagle
Gan
US Bancorp
Piper Jaffray
Dollar strengthens as euro slips amid global market rally
A broad rebound in global equities and a bullish U.S. market push lifted the dollar on Tuesday. The euro traded around 98.05 cents, slipping from 96.68 cents, while the dollar reached 124.77 yen, up from 124.29 yen. Market participants awaited the Bank of Canada policy decision due Wednesday amid expectations of a hold given Canada's strong economy and global uncertainty.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/ AP
Wall Street
Bank of Canada
ROC
Canada
Also Mentioned on This Page
ImClone
Food and Drug Administration
Laura
Schneider
the Chronicle-Telegram
Chuck Kamel
Chronicle
Loomis
Kodak
Laura Schneider
Oasday
Pension Agency
Kristin Yarbrough
Kyarbrough
Chronicletelegram
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