Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who started this subject	2/22/2002 8:04:49 AM
From: Box-By-The-Riviera™	Read Replies (1) of 436258

lipper's convert bond hedge funds slashed 50%.. 315 million loss. and from the front page of the WSJ.. Editions: >U.S.< \| EUROPE \| ASIA Set Default DANIEL PEARL WAS KILLED by his captors, The Wall Street Journal and U.S. said. A videotape obtained by Pakistani investigators ended hopes of finding the reporter, abducted four weeks ago, alive. "His murder is an act of barbarism that makes a mockery of everything Danny's kidnappers claimed to believe in," the Journal said. Bush said he was "deeply saddened" and that the slaying has deepened his resolve to fight terrorism. The crime may have wider consequences for Pakistan and other journalists in the region. Expressions of sympathy poured in for Pearl's wife, Mariane, who is expecting the couple's first child in May. This newspaper lost an esteemed colleague. (Nonsubscribers click here for article) * * * Global Crossing faces challenges by investors and creditors who say a proposed $750 million deal to sell a 79% stake to Singapore Technologies and Hutchison Whampoa would leave little for creditors in the company, which sought bankruptcy protection last month. * * * The Federal Reserve is examining J.P. Morgan's accounting for commodity-related trades with Enron, according to internal central-bank documents. (Full coverage) * * * Computer Associates tapped into its backup bank credit lines after bond-market traders said it faced growing difficulty in selling new commercial paper. The software maker's stock fell to a new 52-week low of $18.90. * * * Two hedge funds run by Kenneth Lipper slashed the value of their portfolios by about $315 million following heavy losses in the convertible-bond market. * * * Waste Management's ex-CEO said the SEC is unfit to file civil charges of accounting improprieties against him because agency officials have conflicts of interest. * * * The SEC filed civil securities-fraud charges against former Lehman broker Frank Gruttadauria, accusing him of bilking 50 clients out of at least $40 million. * * * AES is scrambling to reassure investors that its use of unregistered stock to back up $650 million in loans at two units won't lead to severe dilution of its equity. * * * • PG&E Delays Release of Results • Late Profit-Taking Sinks Stocks * * * MORE ON U.S. BUSINESS PAGE Page One EBay Seller Collects, Disappears There seems to be little doubt among his would-be customers that Stewart Richardson pulled off one of the most remarkable con jobs in the almost seven-year history of eBay, and U.S. federal investigators agree.

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