Hershey sale debate hits court over potential Nestle bid
Attorneys for Hershey Foods Corp. majority owner claim Pennsylvania attorney general overstepped in halting a possible sale as Nestle reportedly weighs about 11.5 billion dollars. The bidding process advances with Sept. 3 arguments set. Hershey stock rose amid reports of shares around 76.80.
MENTIONED IN THIS ARTICLE
Hershey Foods Corp
Pennsylvania
Warren Morgan
Dauphin County
Nestle
USA Today
Hershey
Barb Weidman
DoubleClick Settles Privacy Probe With 450000 Payout
DoubleClick Inc. agreed to a 450000 settlement after a 30 month multi state investigation into its privacy practices. Attorneys general from 10 states examined how the New York based online ad company used cookies to gather personal information and track Web users habits for tailored advertising.
MENTIONED IN THIS ARTICLE
DoubleClick Inc
DoubleClick
United Plans Cutbacks as Creighton Warns of Bankruptcy Risk
United Airlines chief executive Jack Creighton told workers unions will be informed this week of proposed cutbacks aimed at forestalling bankruptcy. The plan seeks substantial pay reductions and concessions to secure a 1.8 billion federal loan guarantee and halt United’s ongoing financial decline, after Aug. 14 warnings it could file Chapter 11 without major cost savings within 30 days.
MENTIONED IN THIS ARTICLE
United Airlines
Jack Creighton
United
Rains Help Soybeans in Kansas Weekly Crop Report
A week of widespread rain aided the soybean crop in Kansas but did not stop decline in corn and milo. Soybeans were rated 36 percent poor to very poor, slightly better than last week’s 39 percent. Corn and milo continued to deteriorate at 53 percent and 60 percent poor to very poor respectively.
MENTIONED IN THIS ARTICLE
Kansas Agricultural Statistics Service
New home sales hit record July pace amid low rates
Washington AP reports July new home sales at a 1.02 million annual rate, up 6.7 percent from June, with existing home sales rising 4.5 percent to 5.33 million. Freddie Mac cites 30 year mortgage at 6.49 percent in July, down from June and well below a year ago. Appreciating values and stock-market volatility encouraged buyers despite weak job outlook.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
National Association of Realtors
Freddie Mac
Unfinished Trafficway Pushes Firm to Move to Olathe
Bob LaGarde CEO of a west Lawrence software firm announced moving his 30-employee operation to Cedar Creek Corporate Park in Olathe. The 8500 square foot space near Coach's Edge doubles current offices, with expected completion by September. The Trafficway delay was a key factor in relocating to better access Kansas City and attract KC-area talent and investment.
MENTIONED IN THIS ARTICLE
Melissa Lacey
Journal-World File
Bob Lagarde
15Th St
LaGarde
Michael Scott
Olathe
Lawrence
Coach’s Edge
West Lawrence
Cedar Creek
Connex to relocate and expand in Lawrence
Connex International plans to move its Lawrence teleconferencing center from 947 Mass to a 15000 square foot space in the 10 Marketplace at 23rd and Harper. The move, aimed at expanding to 100 work stations and about 45 more employees over two years, could occur by September end. The firm handles about 150 teleconferences daily and says demand has risen post September 11 and during stock market uncertainty.
MENTIONED IN THIS ARTICLE
Lawrence
23Rd Street
Connex International
947
Mass
10 Marketplace
23Rd and
Harper Streets
Dom Mercurio
Connex
Mercurio
Danbury
McAfrika sandwich sparks humanitarian backlash in Oslo
Humanitarian groups criticize McDonald’s for a McAfrika sandwich amid famine fears in southern Africa. Officials welcome a promise to inform customers about potential famine and how to help, while aid groups call the launch distasteful as millions face starvation.
MENTIONED IN THIS ARTICLE
Os.o
Norway
McDonald’s
Africa
Tarje Vanvik
Norwegian Church Aid
Oslo
Vanvik
Also Mentioned on This Page
Internet Online Ad Company
South Lawrence
Kansas City
Chad Lawhorn
Dawhorn
Ljworld.com
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