Fannie Mae probes fault to former finance chief and controller
The Rudman led inquiry blames Fannie Mae’s former finance chief and controller for core accounting failures at the mortgage giant now facing an $11 billion scandal. It notes former chairman Franklin Raines fostered a culture of arrogance, while regulator findings triggered by earnings manipulation exposed broader misconduct. Lloyd Hill faces no annual bonus but will step down as CEO this summer amid ongoing costs from lawsuits. H&R Block reports slumping profits and restated earnings for 2004–2005 amid tax and mortgage arm issues, with Q3 earnings at 9 cents a share versus last year’s 28 cents on lower revenue.
MENTIONED IN THIS ARTICLE
Fannie Mae
Warren Rudman
New Hampshire
Franklin Raines
Wall Street
United States
Lloyd Hill
Hill
H&r Block Inc
H&r Block
Kansas City
Ljworld.com
Biockhr
Capredf
Caseys
CholcoPt
CSCO
Gannett
Garmin
Genentch
GenElec
Goodyear
HCA Inc
Harley
Heinz
Hee Hnz
Hercules
Ratibhoo
Intel M
Kroger
STAR
Lucent
BAL Mars
Macerich
MAC
Ferc
Penney
Verizonem
WalMart
Wer Waa
VANS
Walara Asl
WellsFrao
Wee Ety
WestarEn
At Bay
WmsCos
Believe & Company
Applebee's executives withhold CEO tip after profits slump
Applebee's International Inc. directors, citing a disappointing profits year, have decided not to award the chief executive a tip. The Overland Park based company reported Thursday that profits fell and the board chose to adjust compensation accordingly.
MENTIONED IN THIS ARTICLE
Applebee's International Inc
Overland Park
Contact as Mark Fagan Business Editor
Contact details for Mark Fagan the business editor include phone number 832 7188 and email mfagan liworld com.
MENTIONED IN THIS ARTICLE
Mark Fagan
Mfagan
Liworld
Wal-Mart to expand low cost plan and ease enrollment
Wal-Mart Stores Inc plans to expand its lowest cost health plan and shorten enrollment waiting periods for part time workers and their children. CEO Lee Scott urged government business partnership to curb rising health care costs while facing criticism from Wake Up Wal-Mart claiming the moves are a facade and not substantial reform.
MENTIONED IN THIS ARTICLE
Bentonville, Ark
Wal- Mart Stores Inc
Wal-Mart
Lee Scott
Scott
Kansas
Paul Blank
Wake Up Wal-Mart
Brandon Woods expands to attract baby boomers in Lawrence
Brandon Woods Retirement Community plans 5 million in renovations to add private rooms bigger dining areas and spa like bathing facilities for its 300 plus residents. Officials say upgrades target aging boomers while welcoming younger seniors amid market competition and tighter federal funding.
MENTIONED IN THIS ARTICLE
Brandon Woods
Inverness Drive
Donna Bell
Lawrence
Kansas
Bell
Pioneer Ridge
Jessie Ann Lusher
Douglas County Senior Services
Orvel Criqui
Nadine
Naismith Drive
Mike YoderJournal
World Photo
When Buyer’s Loan Denies Sale You Should Walk Away
Real estate guidance notes that suing the buyer or bank for misrepresentation is unlikely to succeed. If the loan falls through, terminate per contingency, return deposit, and relist. Aggressive litigation would be costly and unlikely to win, so the advised path is to end the deal and resell.
Grain and livestock futures mixed on CBOT and CME
Chicago Board of Trade futures edged higher for wheat corn oats while soybeans slipped. Beef and pork futures fell on the CME. Local grain and elevator prices show wheat at 4.19 and soybeans around 5.27. Nonferrous metals quotes include gold at 551.20 and silver 9.462 per ounce.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago Mercantile Exchange
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Mila
Midland
Lawrence North
Lawrence South
Pauline
Also Mentioned on This Page
H&r
Applebee
Dogbert
By Marcus Kabel
Associated Press
Criqui
South Junior High School
David W. Myers
Los Angeles Times
Investor
Business Daily
Handy & Harman
N.Y
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