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Andersen, Government Settlement Talks Collapse

Negotiations to settle criminal charges of obstruction of justice against accounting firm Arthur Andersen unexpectedly collapsed Thursday, possibly paving the way for a trial next month.

Company in Crisis

Negotiations to settle criminal charges of obstruction of justice against accounting firm Arthur Andersen unexpectedly collapsed this week. Ray Suarez discusses the details with New York Times reporter Kurt Eichenwald.

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Tax Wars

Kwame Holman covers the congressional debate over extending the Bush administration's tax cuts.

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Pension Reform

The House passes a Republican-sponsored bill to reform private pension plans after thousands of employees lost their savings in the Enron collapse.

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Former Arthur Andersen Accountant Pleads Guilty

David Duncan, the former Arthur Andersen auditor who oversaw the Enron account, pleaded guilty to one count of obstruction of justice for his efforts to destroy documents related to his work for the energy giant.

Corporate Fallout

Elizabeth Brackett of WTTW-Chicago reports on how Arthur Andersen's corporate problems are affecting its employees.

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Beating the Street

Through the use of a fictional tortilla company, correspondent Paul Solman examines the accounting tricks businesses use to beat Wall Street's expectations and embellish earnings reports.

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Arthur Andersen CEO Resigns

The CEO of embattled accounting firm Arthur Andersen, Joseph Berardino, announced his resignation Tuesday saying he hoped the move would help the company survive the steady loss of clients and criminal charges.