Banks aided Enron scandal cited by Senate panel
Senate investigators testified that major investment banks including Citigroup and JPMorgan Chase provided Enron multi million loans and aided in its deceptive accounting plans. They reviewed millions of documents and interviewed dozens of witnesses from Enron and Wall Street, noting banks profited from deals and helped investors rely on misleading statements.
MENTIONED IN THIS ARTICLE
Washington
Enron Corp
Enron
Senate
Senate Governmental Affairs Committee
Wall Street
Robert Roach
Roach
Citigroup Inc
J.P. Morgan Chase & Co
Citigroup
J.P. Morgan
Arthur Andersen
Boeing and EADS to jointly develop anti-missile defenses
Boeing Co and EADS Europe sign a memorandum of understanding to cooperate on ballistic missile defense for the United States and allies. Neither party disclosed costs or division of work. Boeing, with a Wichita production center, is Kansas’ largest private employer. National Farms sells four cattle feedlots in Kansas to Chesapeake Energy principals. closing planned in August. Sales do not affect Flint Hills grazing operations.
MENTIONED IN THIS ARTICLE
Boeing Co
Airbus
Boeing
European Aeronautic Defence & Space Co
EADS
United States
Wichita
National Farms
Kansas
Oklahoma Energy Company
Chesapeake Energy
Oklahoma City
Bill Haw
Sublette
Turon
Pawnee Beef Builders
Larned
Parsons
Flint Hills
Whi STREET Earnings of local interest
SBC Communications parent of Southwestern Bell Telephone reported Tuesday earnings of 55 cents per share, down from 61 cents a year earlier. Goodyear, operating a Topeka production plant, posted 18 cents per share, up from 5 cents a year ago.
MENTIONED IN THIS ARTICLE
SBC Communications
Southwestern Bell Telephone
Goodyear
Topeka
Berry Plastics completes sale to GS Capital Partners
Berry Plastics announced it has completed the sale of its operations including the PackerWare facility in Lawrence to GS Capital Partners 2000. The deal values at 837.5 million and keeps Berry’s management in place and headquarters in Evansville Indiana, with no expected layoffs at the Lawrence plant.
MENTIONED IN THIS ARTICLE
Berry Plastics
Lawrence
GS Capital Partners
Goldman, Sachs & Co
Berry
Evansville
Ind
Drop Zone Eyes Lawrence for Paintball Center Move
Lawrence may host Drop Zone Extreme Sports, led by Ken Farris, as the firm seeks a 25 000 to 10 000 square foot warehouse to serve Brass Eagle gear distribution. The plan includes eight full-time and ten part-time jobs, with potential retail and recreation elements, amid expanding online and wholesale sales.
MENTIONED IN THIS ARTICLE
Lawrence
Ken Farris
Extreme Sports Inc
Ooopee
Drop Zone Extreme
Farris
Drop Zone
Topeka
Scott McClurg
Journal-World Photo
Drop Zone Extreme Sports
Kansas June jobless rate rises in student influx
Unemployment statewide climbs to 4.6 percent in June from 4.1 percent as seasonal student hiring boosts employment by 21 000 to 1.404 million. Lawrence, Wichita, and Topeka show varied rises with Lawrence at 5.3 percent and jobless gains led by schooling end effects.
MENTIONED IN THIS ARTICLE
Lawrence
Topeka
Dennis Kelly
Department of Human Resources
Kelly
Kansas
Trans
Kansas University
Wichita
Kansas City
County unemployment rates rise in June across area
Duglas County posted 5.2 percent in June, up from 3.9 percent in May. Franklin 5.7 percent, up from 5.2 percent. Jefferson 3.8 percent, up from 3.4. Johnson 3.9, up from 3.8. Osage 3.8, up from 3.6. Shawnee 3.8, up from 3.4.
MENTIONED IN THIS ARTICLE
Duglas
Franklin
Jefferson
Johnson
Osage
Shawnee
Lucent Posts Huge Loss as It Cuts 7,000 Jobs
Lucent Technologies reports a quarterly loss of 7.9 billion dollars and plans to lay off 7,000 more employees. The job cuts reduce the workforce from a peak of 155,000, with about 50,000 already shed in spin-offs and sales. The company notes a ninth straight loss and drops in equipment sales across the United States and abroad.
MENTIONED IN THIS ARTICLE
New York
Lucent Technologies
Lucent
Agere Systems
Avaya
Pat Russo
United States
Also Mentioned on This Page
Salomon Smith Barney
Capitol Hill
David Bushnell
Richard Caplan
Maureen Hendricks
James Reilly
Aviation
Eyes
Clawhorn
World
Third St
Westcheffer Co
Kansas Turnpike
Olathe
Gladstone
Franklin County
Business
Chad Lawhorn
Ema Dilbert
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