R R Donnelley Sons

AT&T Corp., in an effort to stem a decline in its consumer long-distance business, on Thursday unveiled a surprise agreement with direct marketer Shaklee Corp. to sell phone services door to door. The move marks the first time AT&T will let another company sell its phone services directly to consumers. Shaklee, a unit of Yamanouchi Pharmaceutical Co. since 1989, sells nutritional supplements, personal-care products, and home-water treatment systems through its 500,000 independent sales agents.

The Securities and Exchange Commission on Tuesday charged a Newport Beach investor and a Pacific Palisades stockbroker with insider stock trading based on information published in advance copies of Business Week magazine. The civil complaint, filed in U.S. District Court in New York, accuses investor Stephen R. Rasinski and stockbroker Lawrence M. Small of obtaining insider tips from the magazine provided by John L. Petit, a former Newport Beach broker.

The first two men to stand trial in the nationwide Business Week insider trading scandal took the stand Monday in U.S. District Court in Los Angeles, both claiming they were unaware that what they had done was illegal. The Securities and Exchange Commission has charged in a civil insider-trading lawsuit that Brian J. Callahan, a former broker in the Anaheim office of Prudential-Bache Securities, and William N.

A government attorney told a federal jury in Los Angeles Wednesday that a former Orange County stockbroker and a Torrance printer knew that they were breaking insider trading laws when they used advance information from Business Week to make profits in stock trades. Defense lawyers argued that Brian J. Callahan, a former stockbroker for Prudential-Bache Securities Inc. in Anaheim, and William N. Jackson, a one-time printer for R. R.

AT&T Corp.'s board of directors met Wednesday to ponder the selection of a new chief executive--a pivotal decision that could determine the future direction of the beleaguered phone giant--but broke up without an announcement. Speculation on a successor to Robert E. Allen has focused largely on two contenders--insider John D. Zeglis, AT&T vice chairman, and outsider C. Michael Armstrong, chief executive of Hughes Electronics Corp., a Los Angeles-based unit of General Motors Corp.

A former salesman for the company that prints Business Week magazine formally entered a guilty plea Thursday to conspiring to trade on advance information about stocks mentioned in the magazine's influential "Inside Wall Street" column. As reported, Shayne Walters, 32, of Laguna Hills, agreed in August to plead guilty to charges in the Business Week case. He also pleaded guilty to perjury for lying under oath to an investigator of the Securities and Exchange Commission.

Garden Grove is rapidly becoming a center of innovative architecture in Southern California. First there was the famous Richard J. Neutra-designed Community Church at Chapman Avenue and Lewis Street, a 1950s vision of a drive-in church. This was followed by the Crystal Cathedral, designed in the late 1970s by New York architect Philip C. Johnson on a Chapman Avenue site adjacent to the church.

The Securities and Exchange Commission on Tuesday filed civil insider trading charges against a former Orange County stockbroker and an ex-employee of a Torrance printing plant in the wake of the 1988 Business Week magazine insider trading scandal. In the fifth insider trading lawsuit to result from the scandal, the SEC sued Brian J. Callahan, formerly a broker in the Anaheim office of Prudential-Bache Securities, and William N.

The Securities and Exchange Commission on Tuesday filed civil insider trading charges against a former Orange County stockbroker and an ex-employee of a Torrance printing plant in the wake of the 1988 Business Week magazine insider trading scandal. In the fifth insider trading lawsuit to result from the scandal, the SEC sued Brian J. Callahan, formerly a broker in the Anaheim office of Prudential-Bache Securities, and William N.

U.S. stocks staged a dramatic late-day comeback on Tuesday, erasing steep losses as investors snapped up shares beaten down by a bleak profit forecast from Nokia. Finland's Nokia, the world's No. 1 mobile phone company, jolted Wall Street early in the session, predicting only "very modest" market growth for the full year amid weak global conditions.