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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 29, 2005
Page
1
Frontier Airlines launches an online store and auction for Ascent and Summit members. Travelers can bid with miles for merchandise including a Mercedes-Benz M Class SUV and restaurant gift certificates using a virtual currency. The program aims to boost loyalty among about 40,000 members by offering rewards beyond free tickets.
A Jefferson Parish woman, May Deal Chambers Johnson, sues Applebee's after alleging she found a human fingertip in a take-out salad bought June 25, 2004, at a Jefferson Applebee's and became violently ill. Applebee's says no comment on litigation. The case echoes the earlier Wendy's fingertip dispute.
The Conference Board reports the Consumer Confidence Index rose to 105.8 in June from 103.1 in May, a three year high and above forecasts of 104.0. Lynn Franco notes improving consumer mood may signal stronger business activity and job growth in coming months.
Mark Fagan is the Kansas City Star business editor reachable at 832 7188 and mfagan ljworld com for business news inquiries and tips.
Fed's yearlong campaign to tighten credit yields a mixed impact. Short-term rates rise while long-term rates stay near historic lows, affecting borrowers and savers alike. Bankrate data show 30-year mortgages at 5.57 percent and one-year CDs at 2.76 percent, with other products moving differently.
Richard Scrushy, founder and former HealthSouth CEO, is acquitted on all 36 counts in a $2.7 billion earnings overstatement case. Jurors cleared him of fraud and false statements, ending a five month trial amid the company’s collapse and subsequent executives’ pleas.
Protection One Inc. said it redeemed $4.4 million in preferred stock from ATX Technologies Inc. as part of a debt reduction effort that cut total debt to about $345 million. The move follows an April refinancing that reduced the year’s starting $550 million in debt to $360 million, with CEO Richard Ginsburg calling it a step in the right direction.
A three month investigation shows assisted living facilities vary widely in purpose and quality. With nearly a million residents often frail or ill, choosing a safe, affordable option is hard. Start searching early by listing options and contacting local Area Agency on Aging or Eldercare Locator for guidance.
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