| Archives |
| _________::::____#178 - May 11, 2006________________ |
| #178 Updated: 5/10/06 11:24 p.m. 05/10/06 Overstock.com says gets SEC subpoena Overstock.com, an online close-out retailer, on Tuesday said the U.S. Securities and Exchange Commission has issued a subpoena for documents about its finances, communications and policies, including its complaint against Gradient Analytics. 05/10/06 Parmalat's Ex-CFO: Tanzi Had Final Say Parmalat's Former Finance Chief Testifies All Decisions Were Made by Former CEO Tanzi 05/10/06 Enron Jurors to Consider `Deliberate Ignorance,' Judge Rules Jurors in Kenneth Lay and Jeffrey Skilling's trial will be instructed to consider whether the two former Enron Corp. executives deliberately ignored accounting fraud as the energy trader fell into bankruptcy, a judge ruled. 05/10/06 Woman pays back $44K from embezzlement A former employee of First American Title Co. in Watsonville walked into the Santa Cruz County Courthouse Tuesday and presented a check for $44,000, payment for money she embezzled three years ago. 05/10/06 Hartford to pay $20 mln to settle broker pay probe Hartford Financial Services Group Inc. (HIG.N: Quote, Profile, Research) said on Wednesday it would pay $20 million to settle complaints by New York and Connecticut regulators that it secretly paid brokers kickbacks to recommend its group annuities to pension plans. 05/10/06 Livedoor's Horie Denies Accounting Fraud The former president of disgraced Internet startup Livedoor Co. denied accounting fraud charges brought against him in a statement presented Wednesday to prosecutors, a news report said. 05/10/06 IMA Study: SOX Costs Derailed by Poor Management The Institute of Management Accountants on Tuesday announced the early findings of a research study on Sarbanes-Oxley compliance costs. An initial conclusion of the study is that the lack of management implementation guidance is a significant cost driver for companies, large and small, in complying with Section 404 requirements. 05/10/06 404 Makes an IPO: Mission Impossible As a backdrop for Tom Cruise in Mission: Impossible III, satellite images of "enemy surveillance" and "global reconnaissance" are scattered about a dimly-lit, futuristic control room. The set may be a Hollywood fantasy, but the software generating the clandestine images is real, and supplied by defense contractor Analytical Graphics Inc. (AGI), a small ($250 million market capitalization) company based in Exton, Pa. |