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Former high-powered lobbyist Jack Abramoff pleaded guilty Tuesday to conspiracy, fraud and tax evasion charges, agreeing to cooperate in a federal corruption probe in Washington. Abramoff, 46, admitted that he did not disclose receiving kickbacks on payments from Native American tribes to a partner's public relations firm. He also acknowledged that some of his money did not go to charities, as he had reported, but paid for a golf trip to Scotland. Read More

108 heads of state from 172 countries were busy saving the planet at the earth summit Rio. It is difficult to say how the earth summit has improved the environment and helped those most in need. But it is much easier to say that in 1992, the web was a toddler in contrast to the speeding giant of mass communications it now is, giving a voice to all who can get online. Read More

Prosecutors intend to argue that former Enron CEO Jeff Skilling attempted to deceive the Securities and Exchange Commission in a deposition he gave soon after the company's bankruptcy about his reason for selling 500,000 shares of Enron stock, according to a motion filed in a Houston federal court Tuesday. Read More

A day after he pleaded guilty to three felony counts in Washington, Jack Abramoff, a once prominent Republican lobbyist, pleaded guilty today to two felony charges of conspiracy and fraud in a case stemming from his purchase of a casino boat line in 2000. Read More

Federal commodity-trading regulators on Wednesday announced that a subsidiary of Royal Dutch Shell PLC has agreed to pay a $200,000 penalty to settle charges of making ''fictitious'' trades of crude oil futures contracts.The Commodity Futures Trading Commission said Shell International Trading and Shipping Co. of London engaged in prearranged ''noncompetitive'' trades on the New York Mercantile Exchange with a U.S.-based Shell subsidiary, Shell Trading US Co., on five occasions between November 2003 and March 2004. Read More

A former executive at energy company Dynegy Inc. whose 24-year prison sentence for accounting fraud was thrown out by a federal appeals panel should serve no more than five years, his attorney said in court papers. Read More