Martha Stewart weighs witness stand in high stake trial
With the government near resting its case in the ImClone stock fraud trial, Martha Stewart faces a pivotal decision on testifying. Prosecutors press toward rest. key witnesses have highlighted inconsistencies, while Stewart’s lawyers weigh the risk of cross examination and potential exposure.
MENTIONED IN THIS ARTICLE
New York
Martha Stewart
Stewart
ImClone Systems
Cessna to assemble Citation Mus tang in Independence Kansas
Cessna Aircraft Co will build its new Citation Mustang business jet in Independence Kansas, creating about 500 new jobs. The plant, chosen over Wichita, will employ roughly 350 existing workers and has taken more than 200 orders with first deliveries slated for 2006.
MENTIONED IN THIS ARTICLE
Cessna. Aircraft Co
Independence
Kan
Kansas Town
Cessna
Jack Pelton
Wichita
Yukos shareholders offer stake to government for Khodorkovsky release
Group Manatep core holders led by Leonid Nevzlin said they would transfer their Yukos stake to the government if Khodorkovsky could be freed. Nevzlin noted he owns about 3.5 percent through Menatep. Khodorkovsky, Yukos former chief, has remained in custody after arrest on fraud and tax evasion charges. bail petitions have been repeatedly rejected amid claims of political motivation.
MENTIONED IN THIS ARTICLE
Russia
Yukos
Mikhail Khodorkovsky
Leonid Nevzlin
Group Menatep
Khodorkovsky
Life
Menatep
Dow Jones
Paris Orly strike slows travel with mass flight cancellations
Air traffic controllers at Paris Orly airport walked out for several days as two major unions protest air traffic control reforms. Nearly 60 percent of flights were canceled, mainly domestic, while Roissy Charles de Gaulle remained unaffected and about 120 flights were still expected to operate Monday. Travel plans were disrupted as airlines rebooked passengers to cope with the walkout.
MENTIONED IN THIS ARTICLE
Paris
Orly
ADP
Paris Airports Authority
Roissy-Charles de Gaulle
Commercial condo project aims to aid Lawrence small businesses
Lawrence developers led by Jeff Schmalberg plan a 20,000 square foot retail and warehouse building at the northwest corner of 33rd Street and Ousdahl Road on South Iowa. The six to eight units will be sold as commercial condos to local entrepreneurs seeking ownership over rented space. Prices start at 250,000 with construction hoped to begin once three units are sold by spring, backing efforts to curb high land costs limiting small-business ownership.
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Lawrence
Iowa Street
Jeff Schmalberg
33Rd Street
Ousdahl Road
I’m
Schmalberg
New Hampshire Street
Iowa
Kohl’s Department
Wal-Mart
Home Depot
Best Buy
Cory Brinkerhoff
Brinkerhoff Real Estate
Brinkerhoff
Ing
BlueScope bids $205 million for Butler to expand in China
Australia’s BlueScope Steel launches a 205 million dollar bid for Butler Manufacturing of Kansas City to gain access to China and bolster high margin steel products. Butler employs 550 in KC and 4,500 worldwide led by CEO John Holland. The offer values at 22.50 per share with debt, signaling a strategic push despite US market headwinds.
MENTIONED IN THIS ARTICLE
Melbourne
Australia
BlueScope Steel Ltd
U.S
Butler Manufacturing Co
China
Kansas City
Butler
BlueScope
United States
Kansas University
John Holland
Siemens to Move U S Software Jobs to India and Beyond
Siemens plans to transfer most of its 15 000 U S and Western Europe software programming jobs to India China and Eastern Europe. Anil Laud says move aims to shift development from high to low cost countries. India hosts about 3 000 of Siemens 30 000 programmers. Details on exact numbers and timeline were not disclosed. This follows a broader trend of offshoring software and back office work to cut costs. India is projected to earn 13 billion dollars from such services in the year to March.
MENTIONED IN THIS ARTICLE
Bangalore
India
Siemens
United States
Europe
China
Anil R. Laud
Siemens Information Systems
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Peter Bacanovic
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Douglas Faneuil
Merrill Lynch & Co
Bacanovic
ImClone
Sam Waksal
Ann Armstrong
Armstrong
Hope South
Clawhorn
Ljworld.com
Doug Brown
Coldwell
Commercial McGrew Real Estate
Monterey Business Plaza
Sixth
Eldridge Streets
Brown
Chad Lawhorn
Thad Allender
Journal-World Photo
Mark Cotton
Macquarie Equities
Kirby Adams
Adams
Butler Designs
North America