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U.S. markets recover from steep losses
HOUSTON, Nov. 16 (UPI) -- A Houston federal judge sentenced Enron Corp.'s former chief accountant to 5.5 years behind bars for his role in the scam that killed the company.
Richard A. Causey, 46, pleaded guilty to a single count of securities fraud in December,. Causey, a former Arthur Andersen LLP employee, also must serve two years of probation the Washington Post said Thursday.
U.S. District Judge Simeon T. Lake III could have sentenced Causey to as many as seven years behind bars but trimmed the sentence because Causey helped prosecutors develop their cases against Ken Lay, Enron's chairman, and Jeff Skilling, Enron's chief executive.
Enron's collapse in 2001 wiped out about $2 billion in market value and trashed the pensions of thousands of families.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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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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