Archives
_________::::____#182 - May 17, 2006________________
#182 Updated:  5/16/06 4:35 p.m.

05/16/06 Ernst & Young Nixes Chinese Loans Report
International accounting firm Ernst & Young has withdrawn a report it issued
earlier suggesting that China's banks were facing up to $911 billion in bad loans.

05/16/06 Skilling, Lay Not Guilty of Enron Fraud, Lawyers Say
Prosecutors presented a hodgepodge of accusations and coerced witnesses
against Kenneth Lay and Jeffrey Skilling while introducing no hard evidence they
committed crimes at Enron Corp., a defense lawyer told jurors today.

05/16/06 Hollinger Agrees to Cooperate With Black Prosecutors
Hollinger Inc., a holding company Conrad Black once controlled, agreed to
cooperate with U.S. prosecutors who have charged the former media baron and
other executives with a $92 million fraud.

05/16/06 Hyundai Motor Chairman Chung Indicted
Prosecutors indicted Hyundai Motor Co. Chairman Chung Mong-koo on Tuesday in
an embezzlement and slush fund scandal gripping South Korea's largest
automaker.

05/16/06 Colo. Ex-Pastor, 2 Others Accused of Fraud
A former pastor and two of his colleagues have been arrested on fraud charges,
accused of cheating hundreds of investors out of $7.5 million and then spending
the money on real estate, a jet and other luxuries, authorities said Tuesday.

05/16/06 Fed: Hedge Funds Get Too Much Credit
In a sign of growing concern, the president of the New York Federal Reserve calls
on banks to tighten up their lending to hedge funds.
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