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.]