SEC probes Welch retirement perks at GE
The SEC opened an informal inquiry into former GE chief Jack Welch's retirement benefits highlighted in divorce papers. GE said it learned of the inquiry last week after board action to reclaim many benefits at Welch's request. The dispute centers on ongoing access to company facilities and services and related expenses.
MENTIONED IN THIS ARTICLE
Hartford, Corn
Securities and Exchange Commission
General Electric
Jack Welch
Welch
Janet
Manhattan
Tors
Wall Street Journal
Twhint Suwink
Sonal
NBC
Red Sox
Tye
Tyco International
Adelphia Communications
ImClone
Wce
Inventory Rebound Lifts U S Stockpiles in July
US companies rebuilt inventories for the third straight month in July, rising 0.4 percent to a seasonally adjusted 1.1 trillion dollars. Auto dealers boosted stocks to meet demand, with furniture, electronics and appliances also gaining, while sales rose 1.2 percent.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Richard Yamarone
Argus Research Corp
U.S
Iraq
Bush
United Nations
Saddam Hussein
Rich may lose Florida homestead protection under new bills
Boca Raton Florida lawmakers push curbs on homestead exemptions amid Enron and WorldCom cases and big-name movers seek bankruptcy shelters. Proposals demand a 40 month residence to claim the exemption and target wealthy debtors with hiding assets abroad or in offshore accounts.
MENTIONED IN THIS ARTICLE
Boca Raton
Fla
Florida
U.S
University of Florida
Davis
WorldCom
Scott Sullivan
Sullivan
Texas
Iowa
Kansas
South Cakota
Stuart Young
Herb Kohl
D-Wis
Enron
G. Ray Warner
American Bankruptcy Institute
University of Missouri
Caymans
Warner
Taft Petro plan targets corporate fraud in Ohio
Ohio governor Taft and Auditor Petro unveil a 10 point plan to pursue money lost by bilked investors and stiffen penalties for white collar crime. The proposal mirrors federal corporate fraud law and targets smaller companies not covered by it. It would ban falsifying records and pressuring auditors while requiring executives to personally certify disclosures.
MENTIONED IN THIS ARTICLE
Columbus
Bob Taft
Jim Petro
Taft
Petro
Bush
Ohio
Associated Press
Brian Rothenberg
Leigh Herington
Tim Hagan
Tom Geyer
Ohio Department of Commerce
Geyer
Kevin Coughlin
Cuyahoga
Taft-Petro
Taft Petro plan to boost corporate responsibility in Ohio
Gov Taft and Auditor Petro to unveil a 10 point plan mirroring a July federal law. Proposed steps include limiting insider loans, prohibiting auditor pressure, ensuring record accuracy, certifying records, creating a taskforce, letting the securities division seek restitution, strengthening pension protections, extending the statute of limitations from three to five years, raising white collar crime penalties, and extending fraud liability to top executives. The measure draws attention from business groups and follows similar moves in Colorado and North Carolina.
MENTIONED IN THIS ARTICLE
Ohio Division of Securities
Tiwo
Chico
Coughlin
Linda Wog 1
Gon
Ohio Chamber of Commerce
Ohio
Colorado
Owens
North
Stocks end mixed amid war fears and earnings warnings
U S stocks closed mixed as investors paused amid earnings warnings and rising war fears over Iraq. The Dow rose 0.8 percent to 8380.18 while the Nasdaq fell 1.2 percent to 1775.88 and the S&P 500 edged up 0.1 percent to 108?. inventories rose 0.4 percent to 1.1 trillion, signaling ongoing recovery.
MENTIONED IN THIS ARTICLE
Iraq
New York
Peter Cardillo
Global Partner Securities Inc
Standard & Poor
Owen
Dollar strengthens as markets weigh post election gridlock
Fortis USA analyst notes euro parity risks rising with Germany politics while US growth outlook supports a firmer dollar. Boeing and Red Hat rise on gains plus IBM alliance. Millennium slides on drug trials. UK FTSE edges up while Germany DAX falls as markets pause for a holiday.
Also Mentioned on This Page
SEC
Regula
Nicholas Heymann
Prudential Securities
Heymann
Bill Gates
Asif
Welchr.cs
G&r
AP Research
UN Security Council
Congress
Yom Kippur
Tokyo
Gune Gidea
Germany
Europe
Com
Todd Salemone
Schaeffer’s Investment
Japan
Boeing
Aerospace
Red Hat
IBM
Millennium Pharmaceuticals
Crohn
Tyco
L. Dennis Kozlowski
New York Times
New York Stock Exchange
Atk Agar Ly Rue
Britain
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