New company accounts fiddle

Even xeroxing, the figures don't add up.

Corporate America was rocked by a new accounting scandal today as Xerox admitted adding $3 billion to its books in five year.

Coming so soon after the WorldCom in a market still reeling from the Enron scandal, reaction in Washington has been furious.

Richard Gephardt, leader of the Democratic Party in the US House of Representatives, said the scandlas had damaged America's economic reputation and had led to "a serious decline in our confidence."

PM goes to Jay Susskind, director of trading at Ryan, Beck and Co., to get the latest from Wall Street.

Black music: should the violence stop?

Does the predominance of violent and crude lyrics in urban black music reflect the reality of the street or create it?

PM brings together Serwah Lukarot, a development worker in East London, who's organised a conference in London tomorrow to discuss the issues and Reggie Styles, who runs a music promotions company.