July 16, 2004
* A U.S. appeals court agreed to consider the tobacco industry's challenge of a lower court ruling that declined to limit the $280 billion in penalties the government was seeking in its racketeering case against the industry. * Secure Computing Corp. said its board had rejected an unsolicited buyout offer from CyberGuard Corp. * Marvel Enterprises Inc. filed suit against Walt Disney Co.
September 29, 1998 |
With stocks rocketing upward again, the head of the Securities and Exchange Commission on Monday called for a government and industry crackdown on businesses suspected of contributing to the market's euphoria by exaggerating their earnings. "I fear that we are witnessing an erosion in the quality of earnings and, therefore, the quality of financial reporting," SEC Chairman Arthur Levitt said in prepared remarks released before his speech at New York University.