UtiliCorp sues over misused funds in Aquila deal
UtiliCorp United Inc files an $85 million lawsuit in Houston against two former Aquila Energy Resources vice presidents and a wife for alleged unauthorized payments totaling 21.6 million. A stockholder seeks class-action status, claiming false financial statements and failure to inform investors. The suit cites 17 deals and seeks 43.2 million in punitive damages amid ongoing SEC and U.S. attorney probes.
MENTIONED IN THIS ARTICLE
Kansas City, Mo
UtiiCorp United Inc
UtiliCorp
Aquila Energy Resources
Aquila Energy Resources Corp
Houston
Aquila Energy Corp
Omaha
Neb
U.S. District Court
Richard D. Stegall
Corre Anding Stegall
Vincent F. Marquez Jr
Kansas City
Larry McMullen
Benjamin Mann
Securities and Exchange Commission
U.S
Fice
William Alpern
Alpern
Midland Elevator Prices and Broad Market Gains Across Stocks
ACCESS STOCKS As of this morning Midland Elevator Lawrence lists Wheat 3.52 corn 2.53 soybeans 5.95. The New York stock market rose at midday with the Dow up 24.61 to 3288.73 as 781 stocks rose versus 1010 down and 632 unchanged. Trading volume reached 118.68 million on the NYSE, aided by bargain buying after recent losses and gains in overseas markets. Major blue chips advanced including Coca Cola Merck Philip Morris and AT&T with the NYSE composite up 1.55 to 222.16 and the AMEX up 1.66 to 379.15. Regional cattle and hog markets in Omaha and St Joseph show varied quotes amid steady to modest shifts in weights and prices for slaughter steers and heifers and hogs. Market activity largely moderate to slow with supply sizes differing by region.
MENTIONED IN THIS ARTICLE
New York
Wall Street
New York Stock Exchange
Japan
Coca-Cola Rage
Merck
Philip Morris
American Telephone & Telegraph
NYSE
American Stock Exchange
Kroger clerks ratify new contract ending Michigan strike
UFCW Local 876 says 7,000 Kroger store clerks in 64 southeastern Michigan outlets approved a four year deal after a nine week strike begun April 13 to protest health benefit cuts and subcontracting. Meat cutters accepted the pact a day earlier in a separate vote.
MENTIONED IN THIS ARTICLE
Detroit
Bush to propose relief for bankers
Washington announces a new legislative plan to roll back parts of last year’s banking law to ease lending. The proposal would loosen lender standards, cut regulation costs, and enhance credit availability for businesses and individuals, though passage remains unlikely this year. Banking groups praise the move as reducing red tape and boosting jobs, while omitting expansion into securities and insurance.
MENTIONED IN THIS ARTICLE
Washington
Bush Administration
Administration
Capitol Hill
Congress
Bush
American Bankers Assn
Securities and Insurance
Edward Yingling
ABA
Also Mentioned on This Page
Kansas Public Service
Lawrence
Kan
Canada
Missouri Public Service Co
Marquez
Richard Stegall
York
Marco
MerLyn
Tate Atta
Archon
Banka
Barler
Davis
Congrer
Gowadoboa
Royid Sane
DuPont
Fenintty
Schimb
Exxon
Sears
Shawn
Soleci
Fordia Ab
Sysco
Gannett
Genel
Atta An
Ny & GaPac
Gilleies
Alga Weyer
Allied Sig
Fleming
FMC
Fourth Financial
Kmart
Kroger
Morck
Sallie Mae
Santa Fe
Seafield
Trinova
UtiliCorp Vane
Wal-Mart
Western Financial
Western Resources
Williams
Woolworth
de Courts Edward O. Jones Co
Midland
Kansas
Omaha Livestock
Omaha, Neb
USDA
St. Joseph Livestock
ST. Joseph, Mo
Kroger Co. Strike
FCC
Federal Communications Commission
CBS
ABC
NBC
Fox Broadcasting
O&y
Olympia & York
Toronto
Westpac Banking Corp
Sydney
Australia
Olympia & York Developments Ltd
Michael C. Barr
H. Rivkin & Co. Inc
Eat Eae
Ad Professionals
Sea Ae Eae Ac
Parkway Gardens
Home Owners Association
N.Y. Times News Service
Bonanza Asmart
Newton
Baldwin
John Huntington
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