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This article reports on the start of the trial of former Enron Corp. Chairman Kenneth Lay and former President Jeffrey Skilling in Houston, Texas, on January 31, 2006.

Examines the testimony given by Leon Cooperman, who runs the hedge fund Omega Advisers Inc., in the trial involving former Tyco International Ltd. chief executive officer L. Dennis Kozlowski. Amount of stock Cooperman purchased based on misleading information given to him by Kozlowski; View of author that this is the strongest evidence to date that Kozlowski, along with former Tyco chief financial officer Mark H.Swartz, misused Tyco funds on behalf of themselves and others; Discussion of a payment to Tyco board member Frank Walsh; Excerpts of the testimony given by Cooperman related to the payment to the director; Testimony of other board members related to the payment to Walsh, suggesting Kozlowski misled Cooperman.

Deals with the charges filed against Robin F. Kelly, assistant vice president at Putnam Investments Inc. Sentence for Kelly if convicted; Amount of Putnam funds transferred by Kelly to her own investment account.

Deals with the indictment of former General Motors Corp. executive Jose Ignacio Lopez de Arriortua by the United States Justice Department. Alleged confidential information given by Lopez to Volkswagen AG; Settlement of the other cases of Lopez related to the GM/Volkswagen problem.

Focuses on the probe by the United States Senate Select Subcommittee of Investigations Democratic staff about the wrongdoing of Citigroup Inc. co-chairman John Reed. Result of the investigation; Remarks from a Citigroup spokesman on the issue; Other questions facing Reed; Details on Reed's November 1997 letter regarding the case.

Discusses the lawsuit filed by Rod Carter, former driver of the United Parcel Service of America Inc., against his former union, the International Brotherhood of Teamsters. Reason for filing the case; How the group encouraged Teamster members to use violence; Importance of the lawsuit.

Reports that Lee Ik Chi, the head of Hyundai Securities Co., and other Hyundai Group officials were prohibited from leaving Seoul, South Korea. Concerns expressed by brokers; Speculation about the arrest of Lee Ik Chi; Indication of the arrest of Lee Ik Chi.

Reports on the potential legal liability of Morgan Stanley Dean Witter & Co. for allegedly making payment for the benefit of C. Joseph Luethke, an informant in a criminal prosecution of former employee, Christian Curry. Comments from Gerald Lefcourt, a criminal defense attorney uninvolved in the case; Information on the dismissal of Curry; Comments from a Morgan Stanley spokeswoman.

Reports that Merrill Lynch and Company fired Kevin Wallace, one of its stock brokers and filed charges against him in Singapore and Hong Kong. Investigations being conducted on the incident; Persons involved in the investigations; Information on Walllace's performance at the company.

States that a Vietnamese court convicted a floor manager at the Nike Incorporated's Taiwan factory to six months in prison. Charges brought against the manager; Investigations being conducted on the labour practices in Asian companies.

Confirms that Cesare Romiti, chairman of Fiat SpA and its finance director Francesco Paolo Mattioli, received a suspended sentences for false accounting. Why the sentences were suspended; Details on the cases; Information on both men.

Reports that Emanuel Pinez, the former chief executive officer of Centennial Technologies Incorporated was indicted in the United States. Charges against Pinez; Alleged crimes committed by Pinez; Why James M. Murphy, Centennial's former chief financial officer was dismissed; Financial difficulties faced by the company.

Confirms that former performance analysts at M.D. Sass Investor Services Incorporated, Trevor Warren Hunt, was sentenced to six years in prison for a fraud scheme from which he reaped $13.2 million. Amount ordered to pay in fines; How he pleaded to the charges; Details on the case.

Reports that the results of an investigation into alleged financial improprieties under former chief executive of Centennial Technologies Incorporated, Emanuel Pinez, who is jailed pending charges on securities fraud, are expected on February, 27th, 1997. How Pinez responded to the allegations; How the company's shares traded on the New York Stock Exchange; Efforts by the company to mend relations with one of its subsidiaries.

Reports that Guy B. Snowden, resigned from the chairman post at Gtech Holdings Corporation, after losing a court battle relating to bribery charges while attempting to run Britain's national lottery. Percentage decline in Gtech's shares; Reference to the resignation of Peter Davis, the lottery's top regulator; Concerns over Gtech's practice of obtaining lottery contracts.

Reports on the trial of a former president of Astra USA Incorporated, Lars Bildman, who pleaded guilty in a United States District Court in Worcester, Massachusetts. Charges which Bildman pleaded guilty; Reason Bildman was fired from his work place; Details on Bildman's sentence.

Cites the resignation of Edward DeBartolo Jr. from his positions as chairman, and chief executive of the closely held Edward J. DeBartolo Corporation in Youngstown, Ohio. Investigation of DeBartolo for defrauding Louisiana state gambling regulators; Who will replace DeBartolo as head of the company; Reference to the assets owned by the company.

Reports that National Broadcasting Company's (NBC) sportscaster Marv Albert was fired hours after he pleaded guilty to assault and battery. Statement issued by NBC; Albert's decision to plead guilty after prosecutors' agreement to drop a charge of forcible sodomy; Accusations against Albert; Scheduled date for sentencing Albert; Punishment Albert is likely to face; Albert's resignation from Cablevision Systems Corporation's MSG Network as the voice of basketball's New York Knicks.

Reports that a lawsuit was filed against McGraw-Hill Companies and its unit, Standard and Poor's Corporation by Lynch, Jones and Ryan Incorporated. What was their alleged crime; Compensation costs.

Reports that State Supreme Court Justice William McCooe, allowed Brown & Williamson Tobacco Corporation the right to issue subpoenas to eight of CBS Incorporated's employees. Date for depositions; When the ruling was delivered.