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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Feb 03, 2002
Page
20
Master foods USA invites global votes to add a new M M color. From March 6 to May 31 shoppers can vote on purple pink or aqua on the company site. The winning color will debut in August and run through year end before a final decision.
A Zogby International survey of 1,208 adults aged 38 to 55 finds 77 percent believe they are saving enough to maintain their current living standard. Experts note many actually save less than earlier generations and pension plans have declined, reducing future retirement income. The study is cited by the MetLife Mature Market Institute which commissioned it.
Jim Martin chief executive of M PACT medical device maker begins a four year term as co chair of the Lawrence Douglas County Economic Development Board. He aims to attract about 10 000 new jobs in five years and urges proactive strategies and KC biosciences collaboration to cut commuter reliance. He cautions against limiting growth to high tech.
Lawrence Douglas County Economic Development Board will hold two public meetings to gather input for rewriting the Horizon 2020 economic development chapter. Sessions are 7 p.m. February 19 in Baldwin and 7 p.m. February 25 at the Northeast Kansas Education Center in Lecompton, with additional sessions planned in Eudora and Lawrence.
The fate of Martha Stewart Omnimedia’s contract with Kmart rests with the bankruptcy judge overseeing Kmart’s reorganization. If the contract ends, Stewart’s Everyday line could move to other mass retailers, with J C Penney and Sears viewed as likely buyers. Martha Stewart Living Omnimedia reiterates it will honor the contract for the foreseeable future, though the deal faces uncertainty as Kmart restructures and may close hundreds of stores.
Millions rethink retirement funds after stock market slump. T Rowe Price offers an online tool to estimate if current savings plus future contributions and expected returns will meet living costs. A sample shows a 1969 retiree with 60 percent in stocks, 30 percent bonds, and 10 percent T bills could have averaged 11.71 percent annually from 1969 to 1998, supporting rising withdrawals.
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