WASHINGTON (AP) -- Arthur Andersen LLP's chief auditor on its Enron account in Houston has agreed to plead guilty and cooperate with prosecutors pursuing a document shredding case against the beleaguered accounting firm, a person familiar with the case said.
David B. Duncan, who was fired in January shortly after Andersen acknowledged massive shredding, was expected to plead guilty Tuesday to a single obstruction count and become a cooperating witness.
Andersen to fire 7,000
Los Angeles Times
Staggering from the damage done by its role in the collapse of Enron Corp. and a subsequent criminal indictment, accounting firm Andersen announced Monday that it will fire 7,000 workers, or 27 percent of its staff.
Andersen, the nation's fifth-largest accounting firm, said the staff reduction will conserve cash as it struggles to become a smaller, audit-focused firm.
Shuttle takes off
SPACE CENTER, Houston (AP) -- Space shuttle Atlantis zoomed toward the international space station Tuesday on a journey to deliver the station's backbone -- a 44-foot-long girder that is the foundation for further expansion of the orbiting outpost.
This was the third shuttle launch since the Sept. 11 terrorist attacks, and as with the previous two, security was tight.
Times wins seven Pulitzers
NEW YORK (AP) -- In a year when terrorism dominated the news as no subject since Vietnam, The New York Times captured a record seven Pulitzer Prizes and The Wall Street Journal won one for publishing a comprehensive edition even as the World Trade Center collapsed a block away.
Five of the Times' prizes, announced on Monday at Columbia University, went for coverage of the Sept. 11 terrorist attacks, and another for the war in Afghanistan.
Levi Strauss to lay off 3,300
Los Angeles Times
Levi Strauss & Co., an apparel icon suffering declining sales for the last five years, said Monday it will close six U.S. plants and dismiss 3,300 workers this year as it halts almost all of its U.S. manufacturing operations.
Levi is one of a growing number of apparel companies that have chosen to move manufacturing outside the United States to cut costs over the last five years. Between 70 percent and 80 percent of all clothing purchased here is sewn outside the United States, industry experts say.
Mother gets life for killings
WHEATON, Ill. (AP) -- A woman who fed her three children drug-laced peanut butter then smothered them in their beds was sentenced Monday to life in prison.
Marilyn Lemak, 44, was convicted in December of first-degree murder for killing the children -- ages 3, 6 and 7 -- in 1999 after a jury rejected her insanity defense. Prosecutors said she was seeking revenge against her estranged husband, who was dating another woman.
Brainerd Dispatch ©2013. All Rights Reserved.