U.S. economy soft, not spiraling down - Greenspan
Washington: Federal Reserve Chairman Alan Greenspan said on Wednesday the U.S. economy was weighed down by worry over possible war and falling stock prices but not by dangerous imbalances that tended to herald recession.
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It's final, William Webster quits
Washington: Former FBI chief William Webster has submitted his resignation as chairman of a new US board set up to police scandal-tarred corporate accountants, amid controversy over his ties to a company accused of fraud, said congressional sources on Tuesday.
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9/11's NYC hit pegged at $36 bn
New York: The total damage New York City sustained as a result of the September 11 attacks was estimated at $33bn to $36bn through June '02, a new study said on Tuesday, suggesting previous estimates were inflated because they assumed the effects would linger longer than they have.
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Interim chairman may replace Webster
Washington: The new US accounting oversight board convened on Wednesday for the first time, with departing chairman William Webster saying he expected to be replaced by an interim chairman chosen from among the other four board members.
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