Andersen gets max sentence in Enron case
In Houston Arthur Andersen was given five years probation and a $500000 fine for obstruction of justice over handling Enron documents. The maximum allowed by law, the punishment follows the Enron collapse that left Andersen with fewer than 1000 of 28000 workers.
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Andersen
Max
Enron
Houston
Arthur Andersen
Fit
Shadow
Robert Mintz
U.S
Melinda Harmon
Chicago
U S Steel to spin off coke iron ore and Transstar units
U S Steel plans to separate its coke plants in Clairton and Gar Wood, Minnesota iron ore operations, and the Transtar transportation unit in a $500 million deal with Apollo Management to form a new company. The move aims to focus U S Steel on steel making, freeing capital and potentially cutting debt. Chairman Thomas Usher said the agreement could also affect employee benefits and future purchases. The deal follows an earlier sale of U S Steel's coal business, with the new company to hold a 20 percent stake.
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U.S. Steel
Clairton
Gar
Ind
Minnesota
Transtar
Apollo Management
New York
Thomas Usher
U.S Steel
Dell keeps actor as pitchman amid rumors
In Austin Texas the Dell Computer pitchman known as Steven Dude Yer Gettin a Dell remains with the company. Agent Bonnie Schumofsky says Benjamin Curtis aged 21 is not being dropped and Dell loves him as a spokesman with no pink slip.
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Austin, Texas
Dell Computer
Steven
Dell
Bonnie Schumofsky
Benjamin Curtis
Wall Street retreats after four day rally fades
Wall Street pulled back as investors locked in gains amid discouraging Intel earnings and fears of war with Iraq. The Dow fell 219.65 to 8036.03, the Nasdaq slid 50.02 to 1232.42, and the S&P 500 dropped 2.25 to 860.02. Intel tumbled to 13.54, down 2.98.
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Wall Street
New York
Intel
Dow
Bush
Iraq
Lysts
Standard & Poor
Brian Belski
US Bancorp
Piper Jaffray
Thomas B Lydon Jr
Global Trends Investments
Newport Beach
Calif
Belski
IBM
AMD
Motorola
General Motors
Johnson
Familiar Phrase Hidden in Letter Arrangement
The puzzle asks to identify a well known saying or name embedded in a scrambled or stylized letter layout. Analyze letter sequences, capitalization, and spacing cues to uncover the target phrase. Look for common idioms, proverbs, or famous names formed by adjoining letters in order.
Dollar Retreats Amid Mixed U S Corporate Signals
The dollar weakened against major peers after renewed distress in U S corporate bonds and a stalled stock rally. Dow Jones reports S P’s downgrade of General Motors and a CreditWatch for Ford, with IBM and AMD guiding after-hours moves, while traders await Federal Reserve data on industrial production.
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New York
Dow Jones/AP
U.S
Standard & Poor
General Motors Corp
S&p
Ford Motor Co
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