Business Ex-Tyco Chief Defends Bonuses in Court April 29, 2005 • Dennis Kozlowski, the former chief executive of Tyco International, has taken the stand in his own defense. Kozlowski offered an explanation of bonuses his employees' claimed were unauthorized. Kozlowski is accused of looting the company of $150 million and artificially inflating its stock. Ex-Tyco Chief Defends Bonuses in Court Listen Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/4624304/4624305" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Business Post-Scandal Regulations Boost Accounting Industry April 27, 2005 • The accounting scandals of the past few years produced a regulatory crackdown known as Sarbanes-Oxley, which has made audits much tougher and restricted who can be on a company board. Many companies hate the new rules, but they've been a boon for the accounting industry. Post-Scandal Regulations Boost Accounting Industry Listen Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/4622116/4622117" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Business Nasdaq Acquires Electronic Trading Firm April 22, 2005 • The Nasdaq securities exchange announces it will acquire the firm Instinet, which owns an important electronic trading system. The deal is valued at more than $1.8 billion, and follows the New York Stock Exchange's merger with an electronic trading firm. Nasdaq Acquires Electronic Trading Firm Listen Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/4616260/4616261" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Business NYSE to Merge with Archipelago Trading Firm April 21, 2005 • The New York Stock Exchange is merging with an upstart electronic trading firm, Archipelago. With the merger, the NYSE will go from being a not-for-profit company to a publicly traded for-profit business. NYSE to Merge with Archipelago Trading Firm Listen Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/4612411/4612412" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
NYSE to Merge with Archipelago Trading Firm Listen Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/4612411/4612412" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Media TV, Radio Fight Broader Curbs on 'Indecency' April 20, 2005 • Television and radio station owners discuss self-policing measures to head off more regulation from the government. Increasing political pressure to reduce indecency on the airwaves is a major topic at this week's National Association of Broadcasters convention in Las Vegas. TV, Radio Fight Broader Curbs on 'Indecency' Listen Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/4607792/4607793" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Business Buffett Interviewed in AIG Probe April 11, 2005 • Investigators meet with billionaire investor Warren Buffett in their investigation of improper transactions between American International Group and General Re, a subsidiary of Buffett's Berkshire-Hathaway. Buffett Interviewed in AIG Probe Listen Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/4586222/4586223" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Business SEC Requires Traders to Maximize Transaction Prices April 7, 2005 • The Securities and Exchange Commission extends a controversial rule that requires stock traders to get the best possible price for every transaction. In the past, that sometimes didn't happen because brokers lacked time or because they wanted to steer their business to certain firms -- costing investors hundreds of millions of dollars a year. SEC Requires Traders to Maximize Transaction Prices Listen Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/4580357/4580358" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Business SEC Narrowly Approves Rule Change April 6, 2005 • By a 3-2 vote, the Securities and Exchange Commission approves new rules designed to protect investors and modernize trading at the nation's stock exchanges. The most controversial rule is designed to help investors get the best possible price when they buy or sell a stock. SEC Narrowly Approves Rule Change Listen Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/4579736/4579737" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Business ChevronTexaco to Acquire Unocal April 4, 2005 • Oil company ChevronTexaco Corp. says it plans to buy Unocal for $16.4 billon in cash and stock. ChevronTexaco's chief executive David O'Reilly said the deal will bring in huge new reserves in the Gulf of Mexico, and also in the former Soviet Union and southern Asia. ChevronTexaco to Acquire Unocal Listen Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/4575907/4575908" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Business Scandal Dogs AIG April 4, 2005 • American Insurance Group, one of the world's largest insurance companies and once a sure bet on Wall Street, is under investigation over a questionable transaction involving a company owned by Warren Buffet. It also recently acknowledged it was guilty of a broad range of improper accounting procedures dating back as far as 14 years, and its longtime chief, Hank Greenberg, was forced from office. Scandal Dogs AIG Listen Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/4574457/4574458" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Advertisers Log on for Big Profits March 28, 2005 • An ever-increasing number of commercials on the Internet means search engines like Google and Yahoo are making big profits. Still, the Internet draws only about 3 percent of total advertising dollars. The increase in ads may be coming at the expense of more traditional media. Advertisers Log on for Big Profits Listen Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/4563331/4563332" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Law WorldCom CEO Ebbers Convicted of Fraud March 16, 2005 • Former WorldCom CEO Bernard Ebbers is convicted of fraud, but his lawyers say he'll appeal. A federal jury Tuesday found Ebbers guilty of organizing the largest corporate fraud in U.S. history. Ebbers insisted on the witness stand he didn't know the details of his company's financial decisions. WorldCom CEO Ebbers Convicted of Fraud Listen Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/4537023/4537024" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Law Former WorldCom CEO Ebbers Found Guilty of Fraud March 15, 2005 • A federal jury in New York finds Bernard Ebbers, former chief executive of WorldCom, guilty on all charges Tuesday. The jury deliberated for eight days before convicting Ebbers of one count of securities fraud and multiple counts of filing false documents. Former WorldCom CEO Ebbers Found Guilty of Fraud Listen Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/4536200/4536201" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Law Jury Convicts Ebbers on All Fraud Charges March 15, 2005 • After eight days of deliberations, a federal jury in New York finds the former head of WorldCom guilty of all of the charges against him. The jury returned guilty verdicts against Bernard Ebbers on one count of conspiracy, one count of securities fraud and multiple counts of filing false documents. Jury Convicts Ebbers on All Fraud Charges Listen Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/4535959/4535960" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Economy Mortgage Rates Remain Relatively Low March 9, 2005 • Mortgage rates remain low by historic standards despite an economic recovery, a fact that leads economists to use words such as "confounding" and "mysterious" to describe the trend. Mortgage Rates Remain Relatively Low Listen Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/4528626/4528627" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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