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Southern Party seeks to revive old times not forgotten (Society/Issues)
CNN profiles the secessionist party.
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ExxonMobil Rejects Aceh Human Rights Abuse Claims (Society/Issues)
"ExxonMobil has rejected allegations of torture, murder and genocide in Indonesia by a human rights group that is suing the world's largest oil company of behalf of 11 Achenese civilians." By Kirsty Alfredson. [CNN]
related to ExxonMobil Rejects Aceh Human Rights Abuse Claims
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Big Shareholder Blasts Tyco Executives (Society/Issues)
"Executives try to reassure investors but Omega's Cooperman demands changes on the board." [CNN Money]
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Tyco Sues Former Director, Seeks Return of $20M (Society/Issues)
"Demanding $20M, troubled conglomerate goes after former board member who helped land CIT." [CNN Money]
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Adelphia Misses Interest Payments (Society/Issues)
"Cable company can't pay $55M on outstanding notes; auditor retracts certifications." [CNN Money]
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Adelphia Could Delay Bankruptcy Filing (Society/Issues)
"Nation's sixth-largest cable operator to file for bankruptcy protection in New York, source says." [CNN/Money]
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A Look at Cooked Books (Society/Issues)
"Staging Broadway spectacles like 'Ragtime' made Livent one of the worlds most successful theater companies. But telling tall tales in its accounting books may send its founders up the river." [CNN and Fortune]
related to A Look at Cooked Books
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US Officials Indict Former Livent Execs (Society/Issues)
"The former chairman and president of Toronto-based Livent Inc., the producer of the Broadway show 'Phantom of the Opera,' were indicted Wednesday on charges they bilked about US$4.6 million and 'cooked the books' at the theatrical company to cover massive losses." [CNN/Money]
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SEC Taking Tough Stance on Qwest (Society/Issues)
"Several current and former execs of the fiber-optic company said to testify in front of SEC." [CNN/Money]
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Dynegy CEO Resigns (Society/Issues)
"Former Enron suitor is the latest energy trader to undergo management shake-up." [CNN/Money]
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SEC Looks into Dynegy's Power Trading (Society/Issues)
"Agency will reportedly investigate two trades that inflated volume; firm denies receiving benefit." [CNN/Money]
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SEC Widens Probe into Bogus Sales (Society/Issues)
"Agency investigating growing disclosure of false sales reports across many industries." [CNN/Money]
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SEC Subpoenas Citigroup in Dynegy Probe (Society/Issues)
"Regulators want to question financial firm on its role in Dynegy's Project Alpha transaction." [CNN/Money]
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Merrill Settles Charges (Society/Issues)
"Brokerage firm to pay $100M, doesn't admit wrongdoing; Spitzer sees it as model for Wall Street." By Kim Khan. [CNN/Money]
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Calls by Merrill's Blodget Probed (Society/Issues)
"New York State attorney's office reportedly investigates Blodget's stock calls." [CNN/Money]
related to Calls by Merrill's Blodget Probed
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Merrill Hires Giuliani (Society/Issues)
"Brokerage turns to popular former NYC mayor for talks with Spitzer over possible criminal charges." [CNN/Money]
related to Merrill Hires Giuliani
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Dobbs Questions Andersen Indictment (Society/Issues)
"The federal government has indicted Arthur Andersen -- the entire accounting firm with 85,000 employees worldwide -- on a single count of obstruction of justice." By Lou Dobbs. [CNN]
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Xerox - A Carbon Copy Accounting Scandal (Society/Issues)
"CNN is reporting that Xerox incorrectly booked close to $6 billion in revenue over the past five years." News and reader discussion. [Plastic]
related to Xerox - A Carbon Copy Accounting Scandal
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Xerox Documents Accounting Woes (Society/Issues)
"Xerox Corp. improperly booked nearly $2 billion in revenue over the past five years, the company said Friday, as the copier maker was forced to restate earnings to reflect $1.4 billion less in pre-tax profits during the period." [CNN Money]
related to Xerox Documents Accounting Woes
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Disney Restates 2001, 2002 Earnings (Society/Issues)
"Company cites 'non-material human math error' as the reason behind restatement." [CNN Money]
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