Kwik-Way Plans Chinese Venture With Launch Tech Ltd
Kwik-Way Products seeks a $135,000 forgivable loan from Iowa to form Launch Kwik-Way with Launch Tech Company Ltd of Shenzhen. The venture aims to create 41 jobs, retain 11, and invest $1.5 million, combining Chinese wheel equipment with Kwik-Way brake lathes.
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Kwik- Way Products
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Ebbers Begins 25 Year Prison Term For WorldCom Fraud
Former WorldCom chief Bernard Ebbers drove into Oakdale federal prison to start a 25 year sentence for the $11 billion accounting fraud that built the telecom giant. He arrived after 1 p.m. CDT with reporters kept at bay and had refused to answer questions at his Ridgeland home the day before. In the same week former Enron CFO Andrew Fastow received six years for his role in the company’s collapse.
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Enron Corp
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Northwest flight attendants to resume talks under mediation
Federal mediators ordered a fresh round of negotiations between Northwest Airlines and its flight attendants to start Wednesday. Attendants had refused to negotiate citing a court order against a strike and sought a 30 day cooling off period, which mediators denied after talks in Washington. Northwest aims to save 195 million annually on labor costs and says it will continue negotiating despite the impasse.
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Northwest Airlines Corp
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The
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Procter & Gamble sells Sure deodorant line to Innovative Brands
Procter & Gamble diverts the Sure deodorant line after 33 years as it shifts to global brands. Innovative Brands LLC, tied to Najafi Companies, buys Sure and Port Plus shampoo as part of a strategy to acquire consumer brands others deem non core. Sales terms were not disclosed.
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Procter & Gamble
Innovative Brands LLC
Najafi Companies
Innovative
Michelle Syznal
Procter & Gamble Communications
U.S
Syznal
Iowa City
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