Pair push to oust Disney chief Eisner face continuing fight
Former Disney directors Roy E. Disney and Stanley Gold vowed to keep pressuring to remove Michael Eisner as chief executive. They said they would stay in the campaign until shareholders withhold enough votes to signal a leadership change, speaking near the annual meeting venue.
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Disney
Roy E. Disney
Stanley Gold
Michael Eisner
Gold
Loews
Walt Disney Co
Eisner
Gald
Sprint faces age discrimination suit with 32 former employees
Thirty-two former Sprint Corp. workers filed consent forms to join an age discrimination lawsuit filed in U.S. District Court in Kansas City Kansas. Sprint spokesman Dan Wilinsky denies the allegations and says the company is vigorously defending. The consent forms typically precede class action certification.
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Sprint Corp
Sprint
U.S. District Court
Kansas City
Kaw
Dan Wilinsky
FCC loses court battle over local phone competition
An appeals court in the D C Circuit unanimously overturned federal rules that let states limit entrants in local phone service. Verizon BellSouth SBC and Qwest backed the ruling that the FCC forced them to share networks at low prices. AT T led Bell competitors urging Supreme Court appeal.
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D.C. Circuit Court of Appeals
Bell
Verizon
BellSouth
SBC
Qwest
Federal Communications Commission
At&t
Bush Administration
U.S. Supreme Court
Sprint adds two independents to board in Overland Park
Overland Park based Sprint named Gordon Bethune chief of Continental Airlines and Deborah Henretta P&G baby care chief to its board, expanding the panel to 11 members with nine independents.
MENTIONED IN THIS ARTICLE
Overland Park
WorldCom Chief Ebbers Charged In $11B Fraud Case
Former WorldCom CEO Bernard Ebbers and CFO Scott Sullivan faced federal charges over a scheme to inflate earnings by 11 billion dollars. Sullivan pleaded guilty and agreed to testify, while Ebbers was to be arraigned. The case marks one of the largest corporate frauds in U.S. history and spurred scrutiny of Securities and Exchange Commission filings.
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New York
WorldCom
Bernard Ebbers
Ebbers
Securities and Exchange Commission
Scott Sullivan
Sullivan
Boca Raton
Fla
Jackson
Miss
Wal Mart eyes Lawrence expansion into a grocery supercenter
Wal Mart officials confirmed plans to expand the existing Lawrence store into a supercenter with groceries. The retailer aims to buy 6 acres south of the store near 3300 Iowa, moving Crown Automotive to Payless Cashways former lot. The project would require city approval by summer and keeps the recycling center. The expansion complements, not replaces, a separate Sixth Street Wakarusa Drive site, which faces litigation. Crown Automotive president Miles Schnaer expresses cautious optimism about a deal, noting ongoing dialogue.
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Richard Gwin
Journal-World Photo
Wal-Mart
Iowa Street
Crown Automotive
Crown
Payless Cashways
Lawrence
Keith Morris
Iowa
Morris
Sixth Street
Wakarusa Drive
Miles Schnaer
Walmart deals shape future of local retail sites
Wal-Mart would buy the Crown Automotive property to build a Supercenter. Crown plans to buy the former Payless Cashways site on South Iowa Street to keep its business there. Wal-Mart also aims to proceed with a Sixth Street and Wakarusa Drive store.
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al-Mart
Crown Automotive
Crown
Payless Cashways
Iowa Street
Boeing executive says diversification plan on track despite ethics shake up
Boeing Commercial Airplanes chief Alan Mulally told investors at a Bear Stearns conference that the company’s diversification strategy remains on track amid an ethics scandal and leadership shake up. He noted the downturn in aviation, with Boeing delivering about 285 airplanes in 2004 and 2005, and that rival Airbus had surpassed Boeing in deliveries in 2003.
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Seattle
Boeing Co
Boeing
Commercial Airplanes
Boeing Commercial Airplanes
Alan Mulally
Bear Stearns
New Yorl
Iraq
Mulally
Airbus
Lawrence High School
Kansas University
Stewart defense calls alleged conpiracy a fools’ errand
In closing arguments at Martha Stewart’s federal stock case, attorney Robert Morville blasted prosecutors for claiming a “confederacy of dunces.” He argued Stewart and broker Peter Bacanovic gave conflicting timelines on when they planned to sell ImClone shares as the price dropped, noting the conspirators forgot the crucial element of timing. Stewart faces four federal counts.
MENTIONED IN THIS ARTICLE
New York
Martha Stewart
Robert Morville
Stewart
Peter Bacanovic
ImClone Systems
Bacanovic
Morville
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