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Newspaper
Garden City Telegram
Location
Garden City, Kansas, United States of America
Date
Dec 18, 2002
Page
6
A 12 year old allegedly held a teenage girl at gunpoint in a car and shot the man she sought for help. The driver was wounded twice but walked to a nearby home and was in stable condition. The boy was taken into custody at his parents home northeast of Ravenna. identities were not released.
Liza Minnelli and husband David Gest filed a 23 million lawsuit against VH1 and others claiming a July contract to film 10 one hour episodes for 1.25 million was terminated after more than 60 hours of footage. Court papers allege abrupt unlawful contract termination. MTV Networks declined comment.
Los Angeles lawyers for Betty Bullock pressed Judge Warren Ettinger to let stand her $28 billion punitive damages against Philip Morris. The case, tied to a September jury award totaling $28.75 million in compensatory and pain claims, sparked debate over punishment versus excess. Bullock, 64, diagnosed with lung cancer, began smoking at 17 and saw cancer spread since.
Conseco Inc. files for Chapter 11 in Indianapolis after a federal probe of its accounting practices and mounting debt. The move follows tentative deals with two of three investor groups owed 6.5 billion linked to 1990s acquisitions, including a 6 billion mobile home loan portfolio. Conseco Finance Corp. in St Paul would be sold under the agreement.
McDonald's Corp reports a fourth quarter loss after restructuring charges of at least 390 million dollars, ending a 47 year streak of quarterly gains. US same store sales fell 1.3 percent in two months, global sales down 1.6 percent for the quarter, as Burger King price war and market saturation bite. CEO shift sees Jim Cantalupo returning to lead with aggressive review of all business facets.
Boston University relinquishes a 3 million donation from David G. Mugar after a dispute over unused funds from a 1993 gift for the Mugar Library. The university will keep about 1.2 million in accrued interest and donate the remainder to Cape Cod Hospital and WGBH-TV.
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