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March 20, 2003
Today’s headlinesIraq: Businesses factor war into plans
Potential threats at home, more so than on the war front, are the major concern.
USA Interactive's Diller picks up rest of Expedia
But the owner of, among other things, Home Shopping Network resigns from a top-dog role at entertainment giant Vivendi.
Airlines brace for a travel slump
Struggling carriers say they could take a big hit, depending on what happens in Iraq.
A cautious Wall Street goes to war
NEW YORK -- Wall Street recorded its longest winning streak in nearly three years Wednesday, as investors picked up shares before the deadline President Bush set for Iraqi leader Saddam Hussein to flee or face war.
SEC charges HealthSouth with $1.4-billion fraud
BIRMINGHAM, Ala. -- The government charged rehabilitation giant HealthSouth Corp. and chairman Richard Scrushy with civil accounting fraud Wednesday, accusing the company of overstating earnings by at least $1.4-billion since 1999.
Enron to create pipeline business
HOUSTON -- Enron Corp. is going back to its roots with a proposal to emerge from bankruptcy as a new pipeline operating company, built on its existing assets in North America.
Business Today
OIL AS A WAR GAUGE: Crude oil closed below $30 a barrel for the first time in three months. Prices have tumbled 21 percent over the past week on expectations a conflict in Iraq would have little effect on supplies from the Persian Gulf, where about a quarter of the world's oil is pumped. Crude oil for April delivery fell $1.79, or 5.7 percent, to $29.88 a barrel on the New York Mercantile Exchange. It was the lowest closing price since Dec. 13, when prices last settled below $30 a barrel. New York prices peaked at a record $41.15 a barrel in October 1990 after Iraq invaded Kuwait, then plunged by a third on Jan. 17, 1991, after the Gulf War air attack began. The high this year was $39.99 a barrel.
Latest business news
Monday's Metal Prices
Skilling, Lay optimistic as testimony ends
Wachovia shares fall on Golden West deal
GAO: Sarbanes-Oxley costs high for cos.
London's FTSE-100 index closes down 24.6
Calif. attorney general files fourth suit
Rigas sentencings reset for April
Plaintiffs in insurance fraud lawsuit
Health insurance plans claim vast fraud
TD Ameritrade fiscal 1Q profit up 5 percent
Wells Fargo net rises on deposits, lending growth
Citi misses Street; 4Q profit down 11 percent
Housing bust still haunts the banks
Infosys quarter profit $458M, cuts guidance
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