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John Youngdahl

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BUSINESS
November 13, 2003 | From Associated Press
A former Goldman Sachs & Co. economist pleaded guilty to fielding an insider bond tip that gave the firm an eight-minute edge on the market and nearly $4 million in tainted profit. John Youngdahl, 44, of Summit, N.J., will spend about three years in prison if a federal judge accepts terms of a plea deal reached with the government. He would also pay $240,000 to settle related charges by the Securities and Exchange Commission if the judge approves the settlement. From Associated Press
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BUSINESS
November 13, 2003 | From Associated Press
A former Goldman Sachs & Co. economist pleaded guilty to fielding an insider bond tip that gave the firm an eight-minute edge on the market and nearly $4 million in tainted profit. John Youngdahl, 44, of Summit, N.J., will spend about three years in prison if a federal judge accepts terms of a plea deal reached with the government. He would also pay $240,000 to settle related charges by the Securities and Exchange Commission if the judge approves the settlement. From Associated Press
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BUSINESS
April 10, 2004
* Tyson Foods Inc., the world's largest meat processor, was fined $436,000 in the asphyxiation death of a worker at a Texarkana, Ark., plant. The Occupational Safety and Health Administration issued the citations after investigating the Oct. 10 death of Jason Edward Kelly, 31, at the company's River Valley animal feed plant. * UnumProvident Corp.
BUSINESS
April 17, 2002 | From Bloomberg News
Federal tax receipts from individuals have plummeted this month compared with a year ago, a drop that may force the government to borrow more money than forecast in coming years, Goldman, Sachs & Co. and Merrill Lynch & Co. said. The weak economy in 2001 and a dearth of taxable capital gains last year amid Wall Street's deep bear market have depressed tax revenue more than expected, experts say.
BUSINESS
December 9, 2000 | PETER G. GOSSELIN, TIMES STAFF WRITER
The U.S. economy produced fewer new jobs than expected in November, nudging up the unemployment rate to 4% from a 30-year low, the government reported Friday. The tenth-of-a-point rise in unemployment, together with a smaller-than-expected, 94,000-job bump in payrolls, included few of the signs of abrupt slowdown contained in other recent snapshots of the economy.
BUSINESS
September 5, 2003 | From Reuters
Goldman Sachs Group Inc. agreed Thursday to pay $9.3 million to settle charges related to a former economist accused of using inside information to help the investment bank make millions of dollars trading in government bonds. Goldman's settlement with securities regulators stemmed from charges that it failed to properly oversee John Youngdahl, a one-time economist with the firm, who was charged Thursday by prosecutors with insider trading and perjury. James Comey, U.S.
BUSINESS
April 21, 1999 | CHRIS KRAUL, TIMES STAFF WRITER
Americans' insatiable appetite for imported goods, along with weak overseas demand for U.S. products, combined to produce a record $19.4-billion trade deficit in February, the Commerce Department said Tuesday. The deficit has soared as the U.S. economy increasingly has become an island of prosperity amid a global slowdown. Economic growth here has meant a strong domestic market for imports, while the slowdown abroad has cut into offshore sales of U.S. producers. "It's a simple story.
NEWS
April 26, 2002 | PETER G. GOSSELIN, TIMES STAFF WRITER
Individual income tax receipts are running far below expectations this year, threatening to punch a $50-billion-plus hole in the current federal budget and undercut efforts to pay for the 10-year, $1.35-trillion tax cut. Daily Treasury Department reports show that receipts through Wednesday, the latest date available, were $102.2 billion lower than at the same time last fiscal year, with less than half the difference traceable to the tax cut.
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