Mar 26 Former Dynegy Executive Sentenced to 24 Years in Prison 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… Continue reading
Mar 24 European Union Slaps Record Fine on Microsoft 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
Mar 16 Banks Reach $675 Million Settlement in Mutual Fund Scandal 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
Mar 12 Watch Gas Price Spike 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… Continue watching
Mar 11 Watch Jobs Moving Overseas 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 watching
Mar 09 Watch Tom’s Journal: American Jobs in India 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 watching
Mar 08 Watch Corporate Executives Face New Scrutiny 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 watching
Mar 05 Martha Stewart Found Guilty of Obstructing Justice 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
Mar 05 Watch Unemployment Woes 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… Continue watching
Mar 02 Former WorldCom Chief Faces Federal Securities Fraud Charges Former WorldCom CEO Bernard Ebbers has been indicted on federal charges including securities fraud in connection to a multibillion dollar accounting scandal at the massive telecommunications firm, Attorney General John Ashcroft announced Tuesday. Continue reading