Merger reporting blocked by Ernst & Young restraining order
Bowman's Accounting Report, an Atlanta based newsletter, was barred by Ernst & Young in New York State Supreme Court from publishing any reference to confidential information about the Ernst & Young Arthur Young merger. A hearing is scheduled for Monday.
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New York
Atlanta
Ernst & Whitney
Arthur Young
Ernst & Young
New York State Supreme Court
Bowman
Stocks of local interest slide amid recession fears
New York stocks weakened with the Dow down 6.61 to 2,662.76 at noon as decliners outpaced gainers about 3 to 1. Tokyo's Nikkei fell 666.41 points while U.S. blue chips such as Merck, General Electric, Exxon and McDonald’s declined. Local quotes show grain prices and a Kansas City cattle market report with hog and beef quotations and weights.
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Hilton
At&t
IBM
WA Wat
Amocos
Wo Kmart
Bevo Arkla
MAPCO
Merck
Cbiwr
Va Monsan
Censow
Morgan
Chase
Motorla
Va Mylan
ConAgs
PepsiCo
Disney
Philpin
He duPont
PhilPet
Exxon
ReiGro Rover
Royld
Rnam Gannett
OM A —M SalleMs
Mi Ye— H GenEl
Tokyo
Wall Street
New York Stock Exchange
General Electric
McDonald’s
LRM plans move of hot mix plant near East Hills Park
LRM Industries plans to relocate its hot mix asphalt plant from North Lawrence to a site south of the East Hills Business Park on K 10. Howard Hasler says the move may occur this year or next, with similar capacity but more room. Rezoning from agricultural to heavy industrial is on the January 24 Lawrence Douglas Planning Commission agenda. Garage Door Group has begun production at the park while Penn Plastics seeks $6 million in industrial revenue bonds to move in.
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LRM Industries Inc
Lincoln
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Howard Hasler
North Second Street
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Tom
Linda Meisenheimer
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Lawrence
Douglas County
Retailers stay open despite bankruptcy
Bloomingdale's and eight other chains moved quickly to reassure customers and employees they will stay open and well stocked while under Chapter 11 protection. Federated and Allied Stores sought protection for 260 stores in 28 states, with no layoffs planned, as courts approved continued pay and benefits.
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Cincinnati
Bloomingdale’s
New York
Abraham & Straus
Carol Sanger
Federated and Allied
J. Vincent Aug Jr
Sanger
Jockey International
Campeau
U.S
Inventories and sales up as economy expands in November
Washington AP reports November inventories rose 0.5 percent while sales climbed 0.7 percent, signaling stronger demand relative to stock. Automakers Chrysler Ford GM warned of temporary layoffs due to excess inventories. Mazda trimmed U.S. production later in the month. Commerce says inventories reached 796.8 billion, sales 523.6 billion, with the inventory to sales ratio at 1.52 months.
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Chrysler Corp
Ford Motor Co
General Motors Corp
Mazda Motor Corp. of
Japan
Commerce Department
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