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U.S. markets recover from steep losses
HOUSTON, May 8 (UPI) -- The founder of Enron Corp. has a few more legal hurdles after his current fraud and conspiracy trial winds up.
Ken Lay is nearing the end of a Houston trial over the 2001 collapse of the once-mighty energy trading entity, The Houston Chronicle reported Monday.
Once jurors in the current case begin deliberations, U.S. District Judge Sim Lake will begin hearing evidence in a separate, non-jury trial that is expected to last about a week, on four personal banking charges.
The non-jury trial concerns accusations that Lay put three federally insured banks at risk and intended to defraud them while running Enron.
Each of the charges carries a maximum sentence of a 30-year prison term and $1 million fine.
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WASHINGTON, May 23 (UPI) --
The planned Keystone XL oil pipeline would move oil away from refineries that produce gasoline, increasing prices, the National Resource Defense Council says.
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MELBOURNE, Fla., May 23 (UPI) --
Northrop Grumman says its Military Airworthiness Certification is closer for its re-engined EC-8 Joint Surveillance Target Attack Radar System aircraft.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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