Search
Nike Inc.'s French unit has been placed under judicial investigation as part of a fraud probe linked to its sponsorship of the Paris Saint-Germain soccer club, a judicial official said Tuesday.
The two people who helped a former Dynegy Inc. executive hatch a fraudulent accounting scheme that landed him two dozen years behind bars will serve dramatically shorter prison terms.
The decision by Mr. Abramoff to cooperate in a broadening federal inquiry reaching deep into Mr. DeLay's inner circle led some influential Republicans on Wednesday to issue new calls for Mr. DeLay to abandon his goal of regaining his post.
Harsh Police Action, a discussion paper pushing a free trade agenda and a diverse People's Forum are all in the spotlight as the Earth Summit opens.
Four years after the company's ignominious collapse, Enron's former top executives are about to head to a climactic criminal trial later this month, serving as a reminder that changes in the behavior of many American companies have been more muted than many once expected.
The U.S. Family Network, a public advocacy group that operated in the 1990s with close ties to Rep. Tom DeLay and claimed to be a nationwide grass-roots organization, was funded almost entirely by corporations linked to embattled lobbyist Jack Abramoff, according to tax records and former associates of the group.
The plea bargain last week by former Enron Chief Accounting Officer Richard Causey gives federal prosecutors the chance to present a shorter and less technical case against former company Chairman Kenneth Lay and former President Jeffrey Skilling. The pair's trial on conspiracy, fraud and other charges is scheduled to start in Houston on Jan. 30.
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.
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.
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.
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.
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.