Penney sells Eckerd chain to CVS and Jean Coutu
J C Penney Co Inc agreed to sell its Eckerd drugstore chain for 4.5 billion dollars to CVS Corp and Canada's Jean Coutu Group. The deal makes CVS the leading U S drugstore operator by store count, freeing Penney to reduce debt and focus on department stores catalogs and the internet.
MENTIONED IN THIS ARTICLE
J.C. Penney Co. Inc
Eckerd
CVS Corp
Canada
Jean Coutu Group Inc
CVS
U.S
Walgreen Co. Penney
Allen Questrom
Penney
Bank of America to cut 12500 jobs after merger
Bank of America Corp announced it will cut 12,500 jobs following its merger with FleetBoston Financial, about 7 percent of the combined 181,000 workforce. Cuts start this month and span two years, with roughly 30 percent via attrition. CEO Kenneth Lewis cited $650 million in expected annual savings from eliminating overlapping operations.
MENTIONED IN THIS ARTICLE
Bank of America Corp
Fleet- Boston Financial Corp
Kenneth Lewis
Sprint shareholders drop injunction in tracking stock case
Sprint Corp. said Monday that holders of its PCS wireless tracking stock have withdrawn a request for a preliminary injunction to stop the recombination with the FON tracking stock. The two tracking stocks will be merged and trade under the FON symbol on the NYSE, with each PCS share converted into half a share of FON on April 23.
MENTIONED IN THIS ARTICLE
Sprint Corp
Sprint
PCS
New York Stock Exchange
FON
Westar Energy near end of longtime inquiry eyes higher dividend
Regulators weigh closure as Westar cuts debt from 3.6 billion to about 1.75 billion and trims nonutility assets. CEO Jim Haines says 2004 ends with reduced debt and a planned dividend increase for 2005. KCC chair signals the inquiry is largely over after a three hour hearing.
MENTIONED IN THIS ARTICLE
Westar
Jim Haines
Westar Energy
Haines
KCC
David Wittig
Low-cost carriers lead 2003 airline rankings
JetBlue tops a 2003 study showing low-cost airlines outperform traditional networks on time performance bump rate baggage handling and customer complaints. Southwest posts the fewest complaints, Alaska and America West rise, US Airways falls, and Northwest shows biggest improvement as four low-cost carriers join the 1 percent passenger threshold.
MENTIONED IN THIS ARTICLE
Washington
JetBlue Airways
Brent Bowen
University of Nebraska
Aviation Institute
JetBlue
Transportation Department
Southwest
Alaska Airlines
America West
US Airways
Northwest Airlines
Dean Headley
Wichita State University
U.S
AirTran
ATA
Atlantic Southeast
JetBlues
Lawrence nonprofit aims to reuse old computers in town
Lawrence based Technologies for All Inc plans to collect obsolete computers from area businesses and sell them to families for a 20 dollar fee. The nonprofit, started by Allen Perrin, aims to place roughly 15 million discarded machines yearly back into use, with donations offering tax deductions and local partners Ballard Community Center and Pelathe Community Resource Center facilitating applications.
MENTIONED IN THIS ARTICLE
Allen Perrin
U.S
Perrin
Lawrence Based Technologies For
All Inc
Buckner, Mo
Lawrence
Kansas University
Kansas City
Donations to Technologies for All Inc. Web site and pickup centers
Interested donors can learn more at the Technologies for All Inc official site www.tfanet.com. People seeking a used computer may pick up an application at Ballard Community Center at 708 Elm St or Pelathe Community Resource Center at 1423 Haskell Ave.
MENTIONED IN THIS ARTICLE
Ota
Technologies For
All Inc
Tfanet.com
Ballard Community Center
Elm St
Pelathe Community Resource Center
Haskell Ave
Chicago markets slide as soybeans and grains retreat
Soybean futures on the Chicago Board of Trade tumbled with grains as May deliveries of wheat corn and soybeans fell. Beef futures rose on the CME while pork and hogs eased, with cattle and feeder cattle also advancing amid mixed farm market quotes from Ottawa Edgerton Overbrook and Lawrence elevators.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago Mercantile Exchange
Ottawa Cooperative Assn
Ottawa
Edgerton
Overbrook
Midland
Lawrence North
Also Mentioned on This Page
Eckerd Drug Chain
Merger Bank of America
Lewis
Telecommunications Sprint
Wittig
Brian Moline
Commission
ECC
Aviation Survey
Headley
David Neeleman
New Orleans
New York
John F. Kennedy International
Lawrence Nonprofit
By Chad Lawhorn
Clawhorn
Ljworld.com
Milo
Lawrence South
Pauline
Handy & Harman
N.Y
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