Topic: Buisiness and Economy

The new items published under this topic are as follows.

Articles: Lucent's Cloudy Picture

Posted by admin on Tuesday, May 18, 2004 - 07:53 AM

Yesterday, Lucent Technologies (NYSE: LU) announced that it has finally settled one of at least three outstanding investigations of its accounting by the Securities and Exchange Commission (along with GTECH Holdings (NYSE: GTK), IBM (NYSE: IBM) and Lockheed Martin's (NYSE: LMT) acquisition target Titan (NYSE: TTN), Lucent is also subject to an SEC probe into alleged violations of the Foreign Corrupt Practices Act in Saudi Arabia and China).

Read full article: 'Lucent's Cloudy Picture'

· 102 Reads ·

Articles: CORRECTED - CORRECTED-UPDATE 1-Oil eases but still at $41 on fund interest

Posted by admin on Tuesday, May 18, 2004 - 07:50 AM

	In LONDON story UPDATE 1-Oil eases but still over $41 on fund interest in para 13 instead of "later on Tuesday" ... please read "on Wednesday". A corrected version follows. (corrects and updates) Read full article: 'CORRECTED - CORRECTED-UPDATE 1-Oil eases but still at $41 on fund interest'

· 87 Reads ·

Articles: SEC alleges revenue fraud in Lucent case

Posted by admin on Tuesday, May 18, 2004 - 02:43 AM

	CHICAGO — Nine current and former employees of Lucent Technologies and another individual were charged Monday with securities fraud for their roles in accounting problems at the telecommunications equipment maker. Read full article: 'SEC alleges revenue fraud in Lucent case'

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Articles: UPDATE 4-BA's earnings jump but fuel costs burn shares

Posted by admin on Monday, May 17, 2004 - 03:55 AM

	LONDON, May 17 (Reuters) - British Airways Plc (BAY.L: Quote, Profile, Research) posted a better-than-expected annual operating profit on Monday thanks to deep cost cuts, a one-off gain and a pick-up in travel demand but its shares fell as much as six percent on higher fuel costs. Read full article: 'UPDATE 4-BA's earnings jump but fuel costs burn shares'

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Articles: Gandhi fears prompt dive in Indian stocks

Posted by admin on Monday, May 17, 2004 - 02:57 AM

	Indian shares have suffered record one-day losses over concerns for the communist-backed rule of Sonia Gandhi Read full article: 'Gandhi fears prompt dive in Indian stocks'

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Articles: Oil strikes new record high, frets about supply

Posted by admin on Monday, May 17, 2004 - 02:00 AM

	SINGAPORE, May 17 (Reuters) - U.S. crude prices struck a new record high on Monday on persistent concerns that soaring demand will outpace global supplies at a time when traders fear a sabotage attack on the Middle East's vital oil infrastructure. Read full article: 'Oil strikes new record high, frets about supply'

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Articles: UPDATE 2-DPL removes top three executives after probe

Posted by admin on Monday, May 17, 2004 - 01:18 AM

	NEW YORK, May 16 (Reuters) - U.S. power firm DPL Inc. (DPL.N: Quote, Profile, Research) said on Sunday it replaced its top three executives after an internal accounting review that addressed regulatory and tax concerns initially raised by the company controller. Read full article: 'UPDATE 2-DPL removes top three executives after probe'

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Articles: WRAPUP 1-Indian markets tumble, share trade suspended

Posted by admin on Monday, May 17, 2004 - 01:16 AM

	BOMBAY, May 17 (Reuters) - Indian stocks were in virtual free-fall on Monday, wiping out $40 billion in market value, amid frenzied selling on fears a new Congress-led government will slow the pace of reform in Asia's fastest-growing economy. Read full article: 'WRAPUP 1-Indian markets tumble, share trade suspended'

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Articles: Crude Oil Futures Extend Record High on Iraq, Turkey Bombings

Posted by admin on Monday, May 17, 2004 - 01:13 AM

	May 17 (Bloomberg) -- Crude oil futures extended last week's record high in New York after the head of Iraq's interim governing council was killed in a car bomb attack in Baghdad, raising concern about supply disruptions from the nation that has the world's second-largest crude-oil reserves. Read full article: 'Crude Oil Futures Extend Record High on Iraq, Turkey Bombings'

· 81 Reads ·

Articles: Ex-Rite Aid CEO may serve 10 years

Posted by admin on Friday, May 14, 2004 - 03:56 AM

	Martin L. Grass agreed Thursday to a new plea agreement that provides for more prison time than a deal rejected by a judge as too lenient for Grass’ role in a billion-dollar accounting fraud. Read full article: 'Ex-Rite Aid CEO may serve 10 years'

· 86 Reads ·