June 6, 2002

Cantrell & Cochrane Group, Irish beverage distributor, plans initial public stock offering; BC Partners currently owns 90 percent of group (S)

Reserve Bank of Australia raises its benchmark interest rate to 4.75 percent, from 4.50 percent, to buffer bouyant economy against inflation; acts as key business indicators reach new peaks; new data show gross domestic product rose 4.2 percent in first quarter from 2001 period; graph; photos (M)

Footlights column: American Symphony Orchestra, led by Leon Botstein, will perform concert versions of Alexander Zemlinsky's operas A Florentine Tragedy and The Dwarf; actress Marian Seldes and composer Cy Coleman will perform at ceremony honoring new members of board of advisers of CUNY Graduate Center's Martin E Segal Theater Center; Peter Howard and Manhattan Rhythm Kings will be guests at 92nd Street Y concert Radio Days II--Music in the Air, 1940-1955; London's British Museum will open exhibit Queen of Sheba: Treasures From Ancient Yemen; photos (M)

Government and defense make closing arguments in trial of Arthur Andersen accounting firm for allegedly obstructing justice by destroying Enron-related documents; photo (M)

Goldman Sachs Chief Urges Changes in Corporations In a rare public appearance, the chairman and chief executive of Goldman Sachs, Henry M. Paulson Jr., called for changes in how public companies are run, audited and regulated to help restore investor confidence. He said faith in executives was at a low and was slowing a recovery in financial markets. In his speech, Mr. Paulson was surprisingly critical of the corporate executives and directors who make up the client base of major investment banks like Goldman. Seldom does such a powerful Wall Street executive take on corporate America so directly. [Page A1.] Trader Indicted on Fraud Charges John M. Rusnak, left, the currency trader at Allfirst Financial whose losses cost Allied Irish Banks $691 million, has been indicted for bank fraud and for making false financial entries. Based on the trades, the indictment said, Mr. Rusnak was paid more than $850,000 over five years. [C5.]

Profile of and interview with architect

Israeli ground forces attack Yasir Arafat's compound in Ramallah, surrounding his offices with tanks, after 17 Israelis, including 13 soldiers, are killed in Palestinian suicide attack on bus in northern Israel; Palestinian officials in Ramallah report heavy machine-gun fire and at least six Palestinian casualties, including member of security forces who is killed by gunshot to head; say Arafat is unhurt but in danger; say Israeli troops are withdrawing; Prime Min Ariel Sharon's trip to United States for talks with Pres Bush will be delayed for day; he will leave June 8; Israeli raid on Arafat's headquarters throws into doubt ability of Pres Bush's envoy George J Tenet to accomplish much during his mission; Bush and other American officials have said repeatedly that they have received pledge from Sharon not to try to kill or harm Arafat; photo; map (M)

European Court of Justice is set to rule on travel company Airtours's appeal of European Commission's 1999 decision blocking its merger with First Choice; photo (S)

Jon Pareles reviews performance by singer Meshell Ndegeocello at Bowery Ballroom (M)

Joyce Purnick comments on Mayor Michael R Bloomberg's effort to get more control over New York's public school system; says 'so many chefs' are stirring city's education broth, including Bush administration, Pataki administration and numerous legislative factions (M)

New proposals offered by committee of Roman Catholic bishops to deal with sexual abuse by priests is criticized by several prominent cardinals, archbishops and bishops for failing to recommend removal from ministry of all priests who ever abused children; committee urges zero-tolerance policy for new cases of sexual abuse, but would allow bishops discretion to retain in ministry priest who has abused minor once in past and has repented, received treatment and served with no other apparent problems; church leaders objecting to bishops' proposal suggest that when bishops meet in Dallas next week, they must support policy of unconditional zero tolerance to reassure nation's Catholics that there are no priests serving in their parishes who have ever abused child; for nearly two months bishops have been saying their colleagues are deeply divided over what to do about priests--some of them elderly--who victimized minor years ago, but since than have served in parishes without other accusations; photo (M)

THE round tables at Le Cirque 2000 were packed two weeks ago as Aby Rosen stepped onto the dais and accepted the chairman's award from the New York Landmarks Conservancy, one of the nation's largest preservation groups. The award, given annually to a person who exemplifies the group's goals, went to a different kind of hero. Mr. Rosen is a big developer.