BRIEFCASE THIRD HOMESTORE EXEC PLEADS GUILTY.Byline: - Staff and Wire Services A former executive of Westlake Village-based Homestore.com pleaded guilty Monday to a federal insider trading charge. John Desimone, a former company vice president, faces up to 10 years in prison when he is sentenced April 21 by U.S. District Judge Percy Anderson Anderson, river, Canada Anderson, river, c.465 mi (750 km) long, rising in several lakes in N central Northwest Territories, Canada. It meanders north and west before receiving the Carnwath River and flowing north to Liverpool Bay, an arm of the Arctic . Last week, former Homestore Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. John Giesecke and former Chief Financial Officer Joseph Shew pleaded guilty to conspiracy to commit securities fraud. Giesecke and Shew, along with others at the company, manipulated Homestore.com's books to make the revenue figures higher than they should have been, prosecutors said. Firms ask Justice to approve merger WASHINGTON - Representatives from satellite TV provider EchoStar Communications Corp. tried to persuade Justice Department officials Monday to approve a proposed $18 billion merger with Hughes Electronics, offering to bolster This article is about the pillow called a bolster. For other meanings of the word "bolster", see bolster (disambiguation). A bolster (etymology: Middle English, derived from Old English, and before that the Germanic word bulgstraz a rival to preserve competition. Under the revised plan, the company would give up some satellite capacity to strengthen Cablevision Systems Corp., according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. House Energy and Commerce Committee spokesman Ken Johnson Ken Johnson can refer to:
Johnson said EchoStar would sell and lease its own satellites to a Cablevision subsidiary and would give Cablevision the capacity to deliver programs nationwide. Representatives from EchoStar, Hughes and Cablevision would not comment on the proposal. Comcast, AT&T wrapping up deal PHILADELPHIA - Comcast Corp. said Monday that it expects to complete its merger with AT&T Broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). next month and become the nation's largest cable television provider. Comcast and AT&T previously said they hoped to complete the deal - valued at $72 billion in stock and debt assumption when first announced and revalued by the companies at $47.5 billion as share prices declined - by the end of the year. T-bill rates lowest level in 4 weeks WASHINGTON - Interest rates on short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. Treasury bills fell in Monday's auction to the lowest levels in four weeks. The Treasury Department auctioned $18 billion in three-month bills at a discount rate of 1.550 percent. An additional $17 billion in six-month bills was auctioned at a discount rate of 1.515 percent. The three-month rate was down from 1.665 percent last week and was the lowest since three-month bills averaged 1.540 percent Sept. 30. The six-month rate was down from 1.665 percent last week and was the lowest since 1.475 percent Sept. 30. In a separate report, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable-rate mortgages Adjustable-rate mortgage (ARM) A mortgage that features predetermined adjustments of the loan interest rate at regular intervals based on an established index. The interest rate is adjusted at each interval to a rate equivalent to the index value plus a predetermined spread, or , rose to 1.79 percent last week from 1.77 percent the previous week. |
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