Economy

  • March 26, 2004   BY  

    A federal judge in Houston sentenced Jamie Olis, a former senior director of tax planning at Dynegy Inc., to 24 years in prison for his role in a $300 million fraudulent accounting scheme at the Houston-based natural gas and power company. Continue reading

  • March 26, 2004  

    Recent campaign finance reforms have made it harder for political parties to spend soft money. Margaret Warner looks at the political committees called 527s, which have become popular conduits for campaign cash. Continue reading

  • March 24, 2004   BY  

    European antitrust regulators imposed a record $613 million fine on Microsoft Wednesday and ordered the software giant to offer two versions of its Windows operating system in Europe. Continue reading

  • March 16, 2004   BY  

    Bank of America and FleetBoston Financial said Monday they reached a record $675 million settlement to resolve charges they helped favored clients trade mutual funds improperly at the expense of ordinary investors. Continue reading

  • March 12, 2004  

    This week, the national average for a gallon of unleaded gas climbed to $1.73, forcing many drivers to shell out $20, $30, or more to fill up. Ray Suarez discusses why prices at the pump continue to climb with Severin Borenstein, director of the University of California Energy Institute. Continue reading

  • March 11, 2004  

    Margaret Warner explores the growing debate over “outsourcing” and U.S. jobs going overseas with Jagdish Bhagwati, professor of international trade at Columbia University, and Harley Shaiken, professor of labor and the global economy at the University of California, Berkeley. Continue reading

  • March 9, 2004  

    Terence Smith talks with New York Times columnist Tom Friedman about his latest trip to Bangalore, India, where he examined the politics of outsourcing American jobs overseas. Continue reading

  • March 8, 2004  

    Martha Stewart was convicted for lying to prosecutors over a personal stock trade. Other CEOs are facing criminal prosecution for defrauding their companies or increased public scrutiny of their management techniques. Margaret Warner gets perspectives from three business experts. Continue reading

  • March 5, 2004   BY  

    The jury in the trial of Martha Stewart found the domestic guru guilty Friday on four counts of obstructing justice related to the investigation of her suspicious sale of ImClone stock. Continue reading

  • March 5, 2004  

    The Labor Department released a report Friday showing that job growth all but stalled in February. The nation’s payrolls grew by just 21,000, falling more than 100,000 jobs short of the figure originally anticipated. Economists assess what the latest numbers suggest about the state of the nation’s economic health. Continue reading