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Business NY Times

Enron Chiefs Guilty of Fraud and Conspiracy
Kenneth L. Lay and Jeffrey K. Skilling, the chief executives who guided Enron through its spectacular rise and even more stunning fall, were found guilty of fraud and conspiracy today. Sentencing is set for the week of Sept. 11.

Yahoo and eBay Form Advertising Alliance
EBay secured new ways to make money from its large audience, and Yahoo opened up more ad opportunities.

Economy Grew at 5.3 Percent Pace in 2nd Quarter
The economy grew at a faster rate in the first quarter than the government first reported, but all indications still point to more moderate growth for the remainder of the year.

U.S. to Repeal Long-Distance Phone Tax
The I.R.S. will refund taxes paid on long-distance telephone service over the past three years.

The Return of Martha Stewart, the Civil Case
A year after her release from prison, Martha Stewart must again confront insider trading accusations.

Market Place: Shares of Vonage Fall 13% on Debut
Consumers may love Internet phone service, but investors are having second thoughts about the company that took it into the mainstream.

New Signs of a Slowing Economy in 2 Federal Reports
New-home sales rose last month, but failed to keep up the robust growth pace of March, and durable goods orders fell 4.8 percent in April.

The Check Is Not in the Mail
Insurance companies' tardiness or refusal to pay medical claims may add as much as 15 to 20 percent in overhead costs for the nation's physicians.


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