Archives
_________::::____#158 - April 13, 2006________________
#158 Updated:  4/11/06 7:54 p.m.

04/12/06 SEC Aims for Stars
Hollywood is raising a stink over a new Securities and Exchange Commission rule
that would lift the curtain on the secret megabuck paychecks of big stars and
studio moguls.

04/12/06 Zale Faces SEC Inquiry over Severance Payout
The country's largest jewelry retailer, Zale Corp., announced that its accounting,
executive pay and severance agreements are under official investigation by the
Securities and Exchange Commission.

04/12/06 Agreement reported in Peregrine fraud case
A Colorado business consultant who allegedly helped falsify software sales for
San Diego's Peregrine Systems has reached a tentative agreement with
prosecutors to settle his criminal case, his lawyer said yesterday.

04/12/06 Enron's Skilling Contends Hedges Didn't Hide Losses
Enron Corp. didn't use off-the-books partnerships to hide losses, former Chief
Executive Officer Jeffrey Skilling testified today, seeking to counter the
government's charges that he conspired to defraud investors.

04/12/06 4th man pleads guilty in electric grid fraud case
A former senior manager with the organization that runs Texas' electricity grid
pleaded guilty today to organized crime and theft charges and agreed to repay
$500,000 he pocketed in an elaborate scheme involving bogus companies and
fake work.

04/12/06 Insider-trading scheme detailed
The first warning came when the Securities and Exchange Commission noticed
unusual options trading in Reebok International stock right before the sneaker
company announced its takeover by Adidas-Salomon in August.

04/12/06 Ex-Qwest Accountant Discusses Auditors
A former Qwest accountant charged with fraud said Monday that he relied on
advice from outside auditors after federal regulators refused to provide
accounting guidance about booking revenue from fiber-optic network swaps.

04/12/06 Visible Erosion in Covenant Use: Fitch
Banks continue to relax their credit standards on commercial and industrial loans,
according to a new report from Fitch Ratings.
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