WorldCom plans to relaunch as MCI with new HQ
WorldCom will emerge from bankruptcy under the MCI name and relocate its headquarters to Ashburn Virginia. CEO Michael Capellas says adopting MCI's name would be a proud move for the company which expects debt between 3.5 and 4.5 billion after its Chapter 11 filing.
MENTIONED IN THIS ARTICLE
WorldCom Inc
U.S
WorldCom
MCI
Washington
Ashburn
Clinton
Miss
Chalet
Michael Capellas
Dry conditions persist in Lawrence area crop report
The Kansas crop report shows Lawrence and east central Kansas remain dry with 69 percent of topsoil in the region rated short or very short of moisture. Southwest Kansas leads dryness at 86 percent. Wheat quality declines slightly to 72 percent good or fair, down from 75 percent a week earlier.
MENTIONED IN THIS ARTICLE
Lawrence
Kansas Department of Agriculture
Sauer-Danfoss to buy majority of Italian maker Comatrol
Sauer-Danfoss completed a Monday deal to acquire a majority stake in Comatrol S.p.A. an Italian hydraulic equipment maker with annual sales of 21 million dollars. The acquisition aims to expand Sauer-Danfoss into key European markets and it already runs a major production facility in Lawrence's East Hills Business Park.
MENTIONED IN THIS ARTICLE
Sauer-Danfoss
Comatrol S.p.a
Sauer- Danfoss
Lawrence
East Hills
Farmland reports profits on the rise in bankruptcy era
Farmland Industries Inc reports a $29 million second quarter profit as sales reach $1.6 billion for the first quarter, with gains in Farmland Foods and Farmland National Beef offset by crop production losses. The Kansas City cooperative notes debt cuts of over $130 million and ongoing reorganization around its pork unit.
MENTIONED IN THIS ARTICLE
Kansas City
Kansas City, Mo
Farmland Industries Inc
Farmland
Bob Terry
Farmland Foods
Farmland National Beef
Downtown post office to stay open late on tax deadline
April 15 deadline drives last minute filers to the downtown post office at 645 Vt with midnight hours. IRS extension options via Form 4868 offered, but penalties and interest still apply if taxes are owed. Kansas residents get a four month state extension. Postmaster notes stamp timing, and entertainment by the Alford Packer Memorial String Band 9 p.m. to midnight in the lobby.
MENTIONED IN THIS ARTICLE
Jim Long
Lawrence
Bogner & Long
IRS
Long
Kansas
Jayhawks
Bill Reynolds
Post Office
Reynolds
Kansas City
Alford Packer Memorial
Tobacco firm avoids bankruptcy as bond reduced amid ruling
EDWARDSVILLE IL AP A Madison County judge cut Philip Morris bond from 12 billion to 6 billion to allow an appeal over a 10.1 billion judgment for misleading smokers about light cigarettes. The ruling keeps the company solvent and permits a 2.6 billion payment to 46 states under the 1998 settlement while the case proceeds.
MENTIONED IN THIS ARTICLE
Edwardsville
Ill
Philip Morris
David Tovar
Madison County
Nicholas Byron
Stephen Tillery
Tillery
Byron
Oklahoma Atty
Drew Edmondson
National Association of Attorneys General
Charles Price
Stockpiles rise as demand falters in February
Commerce Department data show unsold goods inventories up 0.6 percent in February while sales fell 1 percent, the sharpest drop since November 2001. Economists cite prewar jitters and severe winter weather as suppressing spending. January saw a 0.3 percent inventory rise and 1.3 percent sales gain.
MENTIONED IN THIS ARTICLE
Clifford Waldman
Manufacturers Alliance
MAPI
Also Mentioned on This Page
Capellas
Wall Street Dow
Dow Jones
Wall Street
Iraq
Dow
S&p 500
Koch Nitrogen Co
Wichita
Koch
Cary Washburn
UES
Lawrence Public Library
Irs.gov
Chad Lawhorn
Commerce Department
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!