Judge grants Kmart subpoena power in bankruptcy probe
A federal judge allowed Kmart Corp to issue subpoenas as it probes management practices and possible misconduct tied to its bankruptcy filing. The court also let Kmart amend a $2 billion loan package to absorb greater losses before default. Lawyers appeared in Chicago bankruptcy court as FBI and SEC investigations continue. A $501 million accounting error involving vendor rebates was found by new management. Judge Sonderby slated the probe to wrap by year end.
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Troy, Mich
Kmart Corp
Kmart
Chicago
Dancing seniors unite at community dance night
Jost oversees scheduling of about seven or eight bands playing western and 50s tunes at a senior social dance. A $4 donation per attendee funds the bands, with 63 present that night and sometimes nearly 100. High school students help with refreshments and decorations, and a young dancer learned here. The event welcomes all ages, emphasizing shared enjoyment and social connection.
MENTIONED IN THIS ARTICLE
Jost
Jones
The Aim Is to Win South dealer South leads diamonds
South takes the diamond lead with the queen and, after drawing trumps, plans a safety play to guard against 4-1 or 5-0 club splits. He cashes A K diamonds and ace hearts, ruffs queen hearts, then cashes ace clubs and leads five clubs. West or East must ruff and discard or return clubs, and South makes the rest. The feature shows safety play costs 30 points but saves 1,730 points in potential loss.
MENTIONED IN THIS ARTICLE
South
West
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