Warnaco Seeks Chapter 11 Protection for Calvin Klein Brand
The Warnaco Group Inc maker of Calvin Klein jeans and Speedo swimsuits filed for Chapter 11 bankruptcy protection amid weak retail demand and rising debt. The $2.25 billion apparel giant cited need for liquidity to restructure and turn around operations as stock plunged from 44 dollars in 1998 to 39 cents, with NYSE halting trading on Monday.
MENTIONED IN THIS ARTICLE
Warnaco Group Inc
New York Stock Exchange
Warnaco
Internet Magazines Shut Down After Running Out of Money
Feed and Suck, early online magazines, announce shutdown after financial trouble. Editors say Feed is in suspended animation and cooling to near zero metabolic rate. Reruns planned this summer as editors seek a new home and potential buyers are discussed. Stefanie Surman confirms ongoing talks with buyers.
MENTIONED IN THIS ARTICLE
Feed
Suck
Stefanie Surman
Virgin Mobile US venture heads toward Sprint deal
Virgin Group shows progress on bringing Virgin Mobile to the United States in a potential joint venture with Sprint Corp valued at about 1 billion. A spokesman and an industry source confirm ongoing talks while seeking a retail partner to sell the service. Sprint PCS declined to comment.
MENTIONED IN THIS ARTICLE
Virgin Group
U.S
Virgin
United States
Virgin Mobile
Will Whitehorn
Sprint Corp
Tobacco giant plans to spin off Kraft Foods in IPO
Philip Morris Cos Inc plans a historic IPO for Kraft Foods offering 280 million shares at $27 to $30 each. Kraft will trade soon as Kraft Foods North America holds Kraft Nabisco combined operations. Philip Morris will own 49.5 percent of Kraft's Class A and all Class B shares after the offering.
MENTIONED IN THIS ARTICLE
Velveeta
Philip Morris Cos. Inc
Kraft Foods
United States
Wall Street
Kraft
Kraft Foods North America
Nabisco Holdings Corp
Philip Morris
Cadbury Schweppes
Danone
Nabisco
Bankrupt co op sale approved in Kansas communities
U S Bankruptcy Judge John Flannagan approved the sale of Farmers Cooperative Assn properties for 3.175 million to a development group led by Robert Laing of Overland Park. The plan covers 21 parcels from Burlingame to Bethany Missouri with some properties to be kept as elevators. Additional bids approved include 520 000 for the South Lawrence elevator 200 000 for the Moodie Road office building 780 000 for the Ampride station and 280 000 for a Gardner retail store. Personal property will be auctioned July 18 19 and 25 in Pauline Lawrence and Atchison.
MENTIONED IN THIS ARTICLE
Farmers Cooperative Assn
U.S
John Flannagan
Co-Op
Flannagan
Overland Park
Robert Laing
Coop
Burlingame
Bethany
Laing
Larry Bates
Bates
Edgerton
Overbrook
Scranton
Topeka
Perry
Midland
North Lawrence
Oskaloosa
Meriden
Winchester
Denton
Atchison
Lancaster
Pauline
Rushville
South Lawrence
20Th Street
Moodie Road
Monte Milstead
Lawrence
Milstead
E. 23Rd St
Duane Schwada
Mastercraft Corp
Gardner
Network Consulting Inc
Larry Alsup
Cable leads high speed race in Internet market
Cable operators at their annual convention tout a growing lead in broadband over DSL and satellite rivals. Cox and Time Warner cite advantages in reach and cost while Bell companies push DSL, with Sunflower Datavision serving Lawrence and Eudora as the sector positions for further growth.
MENTIONED IN THIS ARTICLE
Chicaco
Cox Communications
Michael Goodman
Yankee Group
Highspeed
United States
Sunflower Datavision
Lawrence
Eudora
Sunflower
The
World Company
Journal-World
Goodman
Bell
Mike Luftman
Time Warner Cable
Robert Sachs
National Cable and Telecommunications Assa
Chicago
Kansas wheat crop looks better than expected in south
Wheat harvest in Barber and Sumner counties shows improved quality and yields. Sumner reports 101,000 bushels entering elevators in Caldwell and 4,500 in Wellington. Barber County’s OK Co-op notes strong progress with test weights 60–62 lb per bushel and moisture around 12 percent. Early yields expected mid forties, with regional optimism tempered by drought impacts. Kansas Agricultural Statistics Service notes 12 percent of winter wheat in very poor or poor condition and 70 percent turning color, well below last year’s progress.
MENTIONED IN THIS ARTICLE
Wichita
Kansas
Barber
Sumner
Sumner County
Caldwell
Wellington
OK Co-op Grain Co
Barber County
Alan Meyers
Co-Op
Meyers
Kansas Agricultural Statistics Service
KASS
Local market quotes from Farmers Coop and area futures
Monday market listings show Wheat and Soybeans at 4.50 and 4.50 respectively from Farmers Cooperative Assn South Elevator. milo at 1.79, corn 1.73. USDA loan deficiency payments listed for corn and soybeans. Cattle and hog quotations from St Joseph include hog receipts 250 head and variable lean content prices. Nonferrous metals in New York show copper 79.0, zinc 46.37-46.87, aluminum 67.3, gold 267.00, silver 4.326, mercury 150.00, platinum 385-610 per ounce.
MENTIONED IN THIS ARTICLE
Farmers Cooperative Assn
South Elevator
Milo
Midland
North
USDA
U.S
Handy & Harman
N.Y
Also Mentioned on This Page
Calvin Klein Jeans
IPO Tobacco Giant
Jworld.com
Mark Fagan
Association
Ncta.com
Cox.com
Sunflower.com
Datavision
St. Joseph
Nonferrous Metals
New York
Landon Metal Exch
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