BRIEFCASE.Byline: - Staff and Wire Services Rights acquired for Scrushy story BIRMINGHAM, Ala. - A producer who acquired rights to Richard Scrushy's story is planning a documentary about whether ``foxhole Christianity'' played a role in the fired CEO's exoneration The removal of a burden, charge, responsibility, duty, or blame imposed by law. The right of a party who is secondarily liable for a debt, such as a surety, to be reimbursed by the party with primary liability for payment of an obligation that should have been paid by the first party. in a huge fraud at HealthSouth Corp., an executive with the film company said Monday. Marcos M. De Mattos, vice president of Gener8Xion Entertainment Inc., a small production company in Hollywood, said executives want to explore the role that religion played in Scrushy's trial, which ended in his acquittal The legal and formal certification of the innocence of a person who has been charged with a crime. Acquittals in fact take place when a jury finds a verdict of not guilty. in June on charges of leading a $2.7 billion fraud. T-bill rate levels highest since '01 WASHINGTON - Interest rates on short-term Treasury bills rose in Monday's auction to the highest levels since 2001. The Treasury Department auctioned $17 billion in three-month bills at a discount rate of 3.525 percent, up from 3.440 percent last week. The Treasury auctioned an additional $15 billion in six-month bills at a discount rate of 3.870 percent, up from 3.745 percent. 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 3.97 percent last week from 3.88 percent. Manufacturing up but so are prices NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - The nation's manufacturing sector shook off the impact of Hurricane Katrina  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. and expanded robustly during September, but prices for raw materials surged, raising the specter of higher inflation and interest rates. The Institute for Supply Management said Monday that its manufacturing index advanced to 59.4 percent in September from 53.6 percent the month before, for the industrial sector's 28th consecutive month of growth. It was the highest reading since the gauge hit 59.6 percent in August 2004 and well above the 54 percent reading that analysts had expected. A reading above 50 indicates that the sector is expanding; below 50 indicates manufacturing activity is shrinking. But manufacturers reported another sharp jump in prices last month as higher crude oil costs and transportation bottlenecks caused by the recent hurricanes boosted their costs for materials and energy. Judge refuses bail for ex-Tyco execs NEW YORK - A judge on Monday refused to release former Tyco International For the unrelated division of Mattel, see . Tyco International Ltd. NYSE: TYC is a diversified manufacturing conglomerate incorporated in Bermuda, with United States operational headquarters in New Jersey. executives L. Dennis Kozlowski Leo Dennis Kozlowski (born November 16 1946, Newark, New Jersey) is a former CEO of Tyco International, convicted of misappropriating more than $400 million of the company's funds. He is currently serving at least eight years and four months in prison. and Mark Swartz on bail while they appeal their convictions on charges of stealing some $600 million from the company. The order was signed by Justice Angela Mazzarelli of the State Supreme Court's Appellate Division In several jurisdictions, the Appellate Division is the name of a court, or division of a court, that hears appeals from lower courts.
Kozlowski, 58, and Swartz, 45, have been in custody since they were sentenced Sept. 19 to eight and one-third to 25 years in prison. They were convicted in June on first-degree grand larceny A category of larceny—the offense of illegally taking the property of another—in which the value of the property taken is greater than that set for petit larceny. At Common Law, the punishment for grand larceny was death. and other charges related to accusations they stole $180 million outright and improperly made some $430 million by manipulating Tyco's stock value. |
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