EBay to buy PayPal and post strong second quarter
Internet auction firm eBay Inc. will acquire PayPal Inc. for 1.5 billion in stock, ending its eBay Payments by Billpoint rival. Separately, eBay posted a second quarter profit of 54.3 million dollars on 266 million in revenue, beating expectations as profit more than doubled. PayPal enables online payments via cards and bank accounts, with about 60 percent of its business from eBay users.
MENTIONED IN THIS ARTICLE
eBay Inc
PayPal Inc
eBay
Billpoint
Meg Whitman
Wall Street
Thomson Financial
First Call
Mountain View
Calif
Merck Missed Co-Pay Revenue Tally Sparks Drop
Merck & Co reported more than 12 billion dollars in revenue from its pharmacy benefits unit over three years, though the subsidiary did not collect the money. The stock fell over 2 percent as Merck said the co payments were recorded as an expense and did not affect earnings.
MENTIONED IN THIS ARTICLE
Merck & Co
Merck
Whitehouse Station
N.J
Development hotelier to bid on Olathe arena project
Springfield hotelier Jonn O Hammons plans to submit a proposal to build a 6,000 to 8,000 seat arena a 150000 square foot convention center and an Embassy Suites Hotel with up to 350 rooms on a 27 acre site off I 35 in Olathe The project could be worth 90 million Hammons plans to pursue the project independently of Jonn Q Hammons Hotels Inc which owns 77 percent of the company The firm paused new hotel development in 1998.
MENTIONED IN THIS ARTICLE
Springfield
Jonn O. Hammons
Olathe
Hammons
Jonn Q. Hammons Hotels Inc
Agriculture crops in Kansas hold steady overall
Kansas corn and soybean fields are generally healthy but below last year. The corn crop is rated 81 percent fair to excellent, down from 93 percent a year ago. Soybeans are 91 percent fair to excellent, down from 94 percent, and sorghum sits at 82 percent versus 90 percent in 2001.
MENTIONED IN THIS ARTICLE
Kansas
Kansas Agriculture Statistics Service
WorldCom executives clash with former auditors at hearing
Washington AP WorldCom executives spar with former auditors over responsibility for roughly 4 billion dollars in accounting improprieties. Former CEO Bernard Ebbers and ex CFO Scott Sullivan invoke the Fifth Amendment as House panel questions Ebbers, Sullivan, and auditor Arthur Andersen. Analysts, lawmakers, and stock analysts press for answers amid a widening probe into corporate governance and market confidence.
MENTIONED IN THIS ARTICLE
Washington
WorldCom
U.S
Bert Roberts
Arthur Andersen
Andersen
Melvin Dick
Scott Sullivan
Sullivan
House Financial Services Committee
Bernard Ebbers
Lawrence chamber hires Lynn Parman as new VP for economic development
Lynn Parman begins a 90 day action plan as Lawrence Chamber of Commerce vice president for economic development. She aims to review current efforts, streamline prospecting, and build a community friendly system to support projects while avoiding past controversies. She plans to be highly visible at events and meetings.
MENTIONED IN THIS ARTICLE
Lawrence Chamber of Commerce
Lynn Parman
St. Joseph, Mo
Chamber of Commerce
Lawrence Chamber
Parman
Chamber
American Eagle Outfitters
Buckner, Mo
Southwest Missouri State University
University of Oklahoma
Economic Development Institute
Jason
East Hills
Westar chief focuses on future finances not past
Westar Energy chief David Wittig faced questions on past financial decisions at Kansas Corporation Commission hearings. He refused exact figures for late 1990s actions, noting debt rose from 1.64 billion in 1995 to 3.1 billion four years later while the company seeks to sell a 45 percent stake in ONEOK to raise about 738 million after taxes to cut debt.
MENTIONED IN THIS ARTICLE
Westar
Topeka
Westar Energy Inc
Kansas Corporation Commission
David Wittig
Wittig
KCC
Oneok Inc
Tulsa, Okla
ONEOK
ECC
Tric Company
Kansas
Western Resources Inc
Protection One Inc
Protection One
Farm Bureau Insurance Plans Merger With FBL Financial Group
Manhattan Kansas Farm Bureau Mutual Insurance and its Nebraska counterpart will merge with FBL Financial Group of West Des Moines Iowa to form a new company under Farm Bureau Mutual Insurance Co. The deal, awaiting closing in Q1 2003, aims to boost flexibility for an urbanizing population. The merged firm would hold over 1.3 million policies, about 650 million dollars in annual premiums, and 615 Kansas and Nebraska employees are to be offered positions. Manhattan office becomes regional hub for underwriting and administration of commercial insurance.
MENTIONED IN THIS ARTICLE
Kansas Farm Bureau Mutual Insurance Co
Nebraska
FBL Financial Group Inc
West Des Moines
Iowa
Farm Bureau Mutual Insurance Co
Kansas and
Nebraska Farm Bureau Insurance Companies
Manhattan
Farm Bureau Insurance
Also Mentioned on This Page
Hotelier
Olathe Arena
Reid Weingarten
Justice Department
Securities and Exchange Commission
Ebbers
Andersen Accounting Firm
Lyst
Jack Grubman
Ebbert
Debi Moore
Chad Lawhorn
Richard Gwin
Journal To
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!