ImClone founder Waksal sentenced to seven years in prison
Sam Waksal, founder of ImClone Systems, was sentenced to seven years and three months in federal prison for insider trading. He must also pay about $4.3 million in fines and back taxes. Judge Pauley described his actions as lawless and damaging to investors, his company, and his family.
MENTIONED IN THIS ARTICLE
New York
Sam Waksal
Martha Stewart
Waksal
ImClone Systems
U.S
William H. Pauley
Aliza
Stewart
New York State
New York City
Food and Drug Administration
ImClone
Aliza Waksal
Pauley
Kmart Shares Jump On Nasdaq Debut After Bankruptcy
BRIEFCASE reports Kmart Holding Corp the discount retailer that emerged from bankruptcy last month rose nearly 11 percent on its first Nasdaq trading day after being delisted from the NYSE earlier for sub $1 pricing. The stock opened 17.55, peaked 21.42 and closed 19.60. Kmart runs a Lawrence distribution center and closed its Iowa Street store.
MENTIONED IN THIS ARTICLE
Kmart Holding Corp
New York Stock Exchange
Kmart
Lawrence
Iowa Street
JetBlue orders 100 Embraer jets to expand in small markets
JetBlue Airways unveils a growth strategy focused on smaller markets and shorter routes. The airline ordered 100 mid-sized Embraer jets for about 3 billion dollars to boost discount service in medium cities handling 200 to 500 passengers daily per direction.
MENTIONED IN THIS ARTICLE
JetBlue Airways
Embraer
Unemployment Deadline Nearing for Douglas County Victims
Douglas County residents affected by the May 8 storms face a Sunday deadline to apply for Federal Disaster Unemployment Assistance. The program helps those ineligible for standard state unemployment. Apply by calling the Kansas Department of Human Resources at (800) 292-6333.
MENTIONED IN THIS ARTICLE
Douglas County
Kansas Department of Human Resource
Missouri utility merger challenged by regulators
Missouri utility regulators say they will appeal a court decision reversing their approval of the merger between St. Joseph Light & Power Co. and Aquila Inc. The 2000 PSC approval made St. Joseph a unit of UtiliCorp United. The Missouri Court of Appeals ruled in April that the approval was flawed and twice rejected motions to reconsider in May.
MENTIONED IN THIS ARTICLE
Missouri
St. Joseph Light & Power Co
Aquila Inc
St. Joseph
UtiliCorp United
Missouri Public Service Commission
Missouri Court of Appeals
PSC
House of Cha aims to brew up business in Downtown Lawrence
Gary Patterson and his wife Fanny Shiau opened Lawrence's House of Cha at 21 W Ninth St to educate customers on premium tea sourced directly from Shiau family farms in Taiwan. The couple, KU graduates, spent five years on the farm and plan to offer about 35 teas, including oolong, green, black, flavored ice, milk, and flower infused varieties, hoping to create a tea scene akin to local coffee houses. They will also demonstrate traditional brewing methods as stress relief for workers and students downtown.
MENTIONED IN THIS ARTICLE
Melissa Lacey
Journal-World Photo
Fanny Shiau
Gary Patterson
Taiwan
Japan
Europe
Cha
Ninth St
Lawrence
Shiau
Kansas University
Patterson
United States
Kieu’s
Mass
Thuy Nguyen
Sprint to cut 500 Web hosting jobs in major retreat
Sprint Corp will shut its Web hosting business, costing about 500 jobs mainly by year end. Centers in eight cities will close or convert to corporate data centers as customers move to third parties. The company cites $1 in revenue to $3 in expenses and expects pretax charges of $400 million to $475 million.
MENTIONED IN THIS ARTICLE
Kansas City
Sprint
Nicholas Sweers
Overland Park
Sweers
Gary Forsee
William T. Esrey
Ronald T. LeMay
Jeff Kagan
Sprint Fon
Lawmakers question Freddie Mac pay deals after ouster
Lawmakers pressed Freddie Mac over pay packages for top executives ousted in a shakeup tied to accounting problems. Critics said lack of disclosure shows voluntary reporting is inadequate. Freddie Mac cited firing of president David Glenn for not fully cooperating with an internal review.
MENTIONED IN THIS ARTICLE
Freddie Mac
Washington
Christopher Shays
R-Conn
David Glenn
Also Mentioned on This Page
Aviation JetBlue
Missouri Utility
Tea House
Clawhorn
Jworld.com
SOO
Piac
Bobby
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