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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Feb 04, 2003
Page
4
Mark Belnick once Tyco International chief lawyer faces a grand larceny and falsifying records indictment. He allegedly received a 12 million dollar special bonus for aiding the SEC probe halt into Tyco accounting problems, and pleaded innocent at a Monday court appearance.
Sprint Corp said on Sunday it was pursuing BellSouth vice chairman Gary D. Forsee for its top role while a Georgia judge issued a temporary restraining order delaying his replacement of chairman and CEO William T. Esrey. A Wednesday hearing in Atlanta will address the lawsuit. Sprint stock rose with the wireline unit to 12.50 and wireless to 3.77, while BellSouth climbed to 23.80.
A group of 11 Russian pharmacists and executives will visit Lawrence from February 2 to March 23 for a training program. They will attend seminars with local pharmacists, hospitals, and medical firms, organized by the Center for Citizen Initiatives. The Lawrence Breakfast Optimist Club sponsors local hosts, with Dick Holzmeister and Ernie Dyer accepting calls for volunteer families.
U S manufacturing activity expanded for the third straight month in January using the Institute for Supply Management index which slipped to 53.9 from 55.2 in December. Analysts expected 53 as a reading, while economists warned about potential impacts if the Iraq war proceeds.
Kansas University's School of Business will be the exclusive educational provider for the 55,000 member American Business Women’s Association. It will offer a Mini MBA program at regional conferences and a national convention later this year, focusing on strategic planning and marketing. The Center for Management Education can design one day courses to meet members’ needs. The association will pay a fee, details not released.
Ed Lamp president of Corner Bank leads area residents in plans to form a third Rotary chapter in Lawrence. The group seeks at least 20 charter members and hopes official chartering by Rotary International in May. They consider venues such as the Holidome Eldridge Hotel or Kaprence Arts Center and plan a roughly 100 dollar annual fee plus a ten dollar weekly meal.
Midwest manufacturing shows expansion for a fourth straight month with an overall index of 54.5 in January, the highest since June. The new jobs index rose above 50 for the first time since July at 51.9, with energy prices lifting the prices paid index to 60.2 though not threatening recovery unless oil nears $40 per barrel.
WorldCom Inc announces 2.5 billion in cuts including 5000 jobs as it seeks to emerge from bankruptcy in April. The plan, led by new chair Michael Capellas, targets consolidating facilities while keeping Clinton headquarters and major offices.
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