Jurors in Arthur Andersen LLP's obstruction-of-justice trial adjourned their fifth day of deliberations Monday without reaching a verdict on the destruction of documents related to Enron Corp.

        The jury asked no questions during about eight hours of discussion that pushed the total deliberation time to 38 hours since Thursday.

        Lead Andersen attorney Rusty Hardin said he was “delighted” with the lengthy deliberations because it indicates close attention to five weeks of evidence rather than a snap decision.

Tyco changes lawyer

        Tyco International Ltd., the industrial conglomerate under investigation after its chief executive was indicted on sales tax evasion charges, announced Monday that it has replaced its top company lawyer.

        Mark A. Belnick was replaced by Irving Gutin as general counsel, a post he previously held, the company said in a statement that did not disclose the circumstances of Mr. Belnick's departure.

        But Mr. Belnick's lawyer, Stanley Arkin, said his client was fired despite working “tirelessly to create a better and more effective corporate governance for Tyco.”

Tech firms merging

        Novell Inc., which makes computer-network software and provides consulting services, agreed to buy software maker SilverStream Software Inc. for about $212 million in cash to add more corporate Web site clients. SilverStream shares jumped 73 percent.

        Novell, based in Provo, Utah, will pay $9 a share, the companies said in a statement.

Money manager guilty

        Former money manager Alan Bond was convicted in New York of fraud for diverting millions of dollars in proceeds from profitable stock trades to his own account and steering losers to pension funds for his blue-collar clients.

        Mr. Bond was jailed immediately for cheating bus drivers and electricians whose retirement money he managed. While his own account grew by 5,000 percent, or $5.5 million, prosecutors claimed Mr. Bond's clients lost about $54 million, about two- thirds the value of their accounts.

        Mr. Bond showed no emotion as the jury returned its verdict only an hour after deliberations began. His father wept and fell to the floor after a federal marshal allowed the two to embrace.

Instinet to expand
       Instinet Group Inc., a leading electronic share-trading network controlled by Britain's Reuters Group PLC, has agreed to buy rival Island ECN Inc. for about $508 million in stock.

        The combined businesses account for about 22 percent of the share volume traded on the Nasdaq Stock Market. Their union is seen as a defensive effort to stave off the threat from Nasdaq's own upgraded trading system, SuperMontage, to be launched next month.

        Industry analysts say such consolidation is almost inevitable as electronic brokerages fight to survive an industry slump against intensified competition.

T-bill rates mixed

        Interest rates on short-term Treasury securities were mixed in Monday's auction.

        The Treasury Department sold $17 billion in three-month bills at a discount rate of 1.720 percent, unchanged from last week. An additional $15 billion was sold in six-month bills at a rate of 1.850 percent, down from 1.875 percent.

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