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Inside interview

Michael Elston, counselor and chief of staff to Deputy Attorney General Paul McNulty, arrives for a closed interview with the House Judiciary Committee on Friday about the investigation of the recent firings of eight U.S. attorneys. Committee Chairman John Conyers, ...

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Nation Briefs

U.S. court rejects SEC rule on brokers giving advice A federal appeals court struck down a rule allowing brokers to offer fee-based accounts without meeting stiffer customer-protection requirements. The Financial Planning Association sued the SEC in 2004, claiming the agency ...

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First local sex trafficking charges filed

John Lee Geiler Jr. and Darrill Gray were indicted on federal charges involving the prostitution of a juvenile and distribution of crack cocaine, U.S. Attorney Catherine L. Hanaway announced Friday. “This is the first prosecution in the Eastern District of ...

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Cox sees ease to Sarbanes-Oxley

Securities and Exchange Commission Chairman Christopher Cox says the SEC’s move to scale back the Sarbanes-Oxley Act will help reduce burdens on business. Photo by Dennis Brack/Bloomberg News U.S. Securities and Exchange Commission Chairman Christopher Cox said the agency’s attempt ...

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XM wins dismissal of shareholder suit

XM Satellite Radio Holdings, the largest U.S. pay-radio service, won dismissal of a class action lawsuit over a slump in share prices last year. U.S. District Judge Ellen Segal Huvelle in Washington threw out the suit, saying investors failed to ...

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How to … choose an audit firm

If your company will need to be audited in the not-so-distant future, start your search for an audit firm soon. This will allow you to take your time, choose a good firm and make any necessary preparations before the audit ...

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Nation Briefs

Hershey sues vendor over mint logo parody Candy maker The Hershey Co. has filed a trademark infringement lawsuit against a Maryland-based vending company over a sticker parodying the logo for York Peppermint Patties. The Hershey, Pa.-based candy manufacturer filed the ...

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JPMorgan suit over Enron dismissed

JPMorgan Chase & Co. no longer faces a lawsuit over claims it defrauded investors by failing to disclose it secretly helped Enron Corp. hide liabilities. U.S. District Judge Sidney Stein in New York on Thursday dismissed the suit, filed in ...

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