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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Apr 16, 2005
Page
14
McDonald’s rise, from its first restaurant with Kroc watching and gum scraped from sidewalks to a global chain, is traced through consumer demand and a consistent menu. Quotes highlight the brand’s appeal to mobile, busy Americans and its emphasis on uniform experiences while defending personal responsibility for health.
McDonalds celebrates half a century of fast food as Ray Kroc partnered with Richard and Maurice McDonald in San Bernardino. From a Chicago suburb origin the chain has grown to about 30,000 restaurants worldwide.
Lawrence expansion by Dobski & Associates includes a new freezer and two preparation lines to allow breakfast service until 11 30 a m rather than 10 30 a m A second drive through lane will be added at the first Lawrence store You can take two orders at one time The project aims for mid June completion Marilyn and Tom Dobski own 13 McDonald’s restaurants in multiple Kansas cities with a 14th planned in Shawnee The firm opened its first restaurant in 1981 and employs more than 600 people.
A reader weighs mortgage payoff versus tax deductions, noting a 25 percent tax bracket with $10,000 annual mortgage interest saving $2,500 in federal tax but paying off the mortgage removes the deduction while saving $2,500 in tax and $10,000 in interest. The adviser likens extra payments to earning 6 percent versus an 8 percent after tax investment.
Westar agreed to a 32.5 million settlement of shareholder suits tied to internal deals led by former chief executive David Wittig and other officials. Regulators blocked the broader deal after a law firm investigation, which cited improper gains and helped fuel federal charges against Wittig and Douglas Lake. Trial for Wittig and Lake is set for next month after a mistrial in December.
Wheat May delivery down to 3.05 1/4 a bushel while May corn oats and soybeans also ease. Pork futures rise on the Chicago Mercantile Exchange and beef futures ease with live cattle and feeders mixed. Local elevator quotes show wheat around 2.95 and soybeans near 5.91, across Ottawa Edgerton and Overbrook yards. Nonferrous metal prices quote aluminum copper lead zinc gold silver and platinum across London and New York markets.
The proposed accord would yield 32.5 million less legal fees for investors who bought Westar shares between March 29, 2000, and November 8, 2002 as the price fell from 16.75 to 8.50. Thousands may qualify, must file a claim, and Westar’s 1.25 million share of the settlement won’t affect earnings. Westar stock closed Friday at 21.96 on the NYSE, down .37.
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