Free Republic

Company says it is cooperating with the SEC after receiving a document request.. Agriculture company Archer Daniels Midland ADM .. placed its chief financial officer, Vikram Luthar, on administrative leave as it investigates accounting practices at the company. The Chicago grain merchant and commodity trader said that the continuing investigation centers around ADM’s nutrition business and that it follows a voluntary document request by the U.S. Securities and Exchange Commission. ADM said Luthar’s leave is pending an investigation by outside counsel and its board’s audit committee, focused on certain intersegment transactions in the company’s nutrition business. ADM said it is...

by Mark Finkelstein July 11, 2006 Here at NewsBusters, we keep close tabs on the MSM. That's why I can say with considerable certainty that this morning, the Today show ran its . . . nth segment on 'soaring gas prices.' The template is time-honored: reporter standing in front of gas pumps with scary-high price placard in background. Cut to clips of regular folks filling up, expressing varying degrees of outrage. Bring in an 'oil industry expert' for some words of wisdom. Back to reporter at pump, warily wondering just how much higher prices can go. Conclude with hosts back...