Co op puts checks in mail to unsecured creditors
About 1,400 checks totaling 9.2 million were mailed to farmers and businesses owed money after the September 2000 bankruptcy of Farmers Cooperative Assn. Trust manager Mel Squyres said the payments satisfy unsecured creditors in full plus a one time 1.25 percent interest. Patronage payments of about 9 million would come in 2 years to 7-12 years.
MENTIONED IN THIS ARTICLE
Farmers Cooperative Assn
Mel Squyres
Squyres
Jim Carpenter
John Cruciani
Sprint on track to hit wireless growth goals
Sprint Corp said its wireless unit Sprint PCS will add 700000 to 750000 net subscribers in Q1, beating analyst estimates of 550000 to 700000. The move lifted the stock about 20 percent to a three week high as cash flow nears $600 million before customer service center costs, including the Lawrence PCS center.
MENTIONED IN THIS ARTICLE
Sprint Corp
Sprint Pcs
Wall Street
PCS
Lawrence
Global steel tariff decision provokes angry reactions
Allies decry U S tariffs on imports as Britain Germany and the EU threaten action. Britain's trade secretary Patricia Hewitt and Prime Minister Tony Blair express bitter disappointment. Germany's Werner Mueller says it strains U S European ties. Japan South Korea and China voice dissatisfaction and consider WTO complaints.
MENTIONED IN THIS ARTICLE
U.S
Britain
Patricia Hewitt
Tony Blair
Germany
Werner Mueller
European Union
World Trade Organization
Bush
Japan
South Korea
WTO
Foreign Trade Ministry
Gao Yan
Fed survey signals economy rebound in 2009
The Federal Reserve reports January and early February activity showing improving signs across most regions, signaling a rebound from the recession. Economists expect the Fed to hold rates at the March meeting, while Wall Street gains as the Dow climbs 140.88 to 10,574.29, erasing prior losses.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
Wall Street
High-tech deal gets go ahead in HP Compaq merger
Washington AP reports federal regulators approved Hewlett-Packard and Compaq Computer Corp merger worth 22 billion dollars. FTC vote 5-0 ends antitrust probe though shareholders still must approve March 19 and 20 votes. HP and Compaq expect 2.5 billion in savings amid business tensions and investor concerns.
MENTIONED IN THIS ARTICLE
Washington
Hewlett-Packard Co
Compaq Computer Corp
Federal Trade Commission
Commission
Hewlett and Packard
Compaq
Palo Alto
Calif
Compag
Houston
Lawrence approves long awaited GUT Works Hangar Lease
GUT Works LLC gains a 12,000 square foot city hangar at Lawrence Municipal Airport enabling assembly and office operations. The plan envisions up to 12 new local jobs by year end and production of 3/4 scale P 51D Mustang replica kits with assembly support at the hangar. Renz targets $1 million to $1.5 million in capital over two years as investors show interest. DreamWings previously renovated the hangar and later went bankrupt.
MENTIONED IN THIS ARTICLE
GUT Works
Alan Lampe
Travis Atwood
Amy Palmer
Scott Bledsoe
Ron Renz
Lawrence Municipal
Sept. Il
Renz
GUT Works LLC
Reno
Nev
Lawrence
Kansas Innovation Corporation
DreamWings LLC
Wonder Bread maker settles FTC calcium claims
Interstate Bakeries Corp and Campbell Mithun LLC agreed to stop making unsubstantiated calcium claims about Wonder Bread. The FTC says the ads in 2000 claimed calcium improved brain function and memory in children without adequate scientific proof. The order allows future penalties for violations and awaits public comment before finalization.
MENTIONED IN THIS ARTICLE
Washington
Wonder Bread
Interstate Bakeries Corp
Kansas City
Campbell Mithun LLC
Federal Trade Commission
Professor Wonder
FTC
Interstate Bakeries
Campbell
Mary Engle
Sheila Anthony
Commodity and livestock market update from multiple elevators and St Joseph
Ottawa Cooperative and several elevators report wheat and corn prices with soybeans near 4.23 to 4.30 a bushel, while Moody, Lawrence and Pauline elevators show NA for several grains. AP notes Wednesday cattle receipts at St Joseph with feeder steers trading steady to 2.00 higher and a snapshot of bid ranges by weight, plus spot nonferrous metal prices and precious metals quotes.
MENTIONED IN THIS ARTICLE
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland
Lawrence North
Lawrence South
St. Joseph
St. Joseph, Mo
Also Mentioned on This Page
Richard Gwin
Jou
Carly Fiorina
Holder Services
Rockville
Walter Hewlett
SUT
Journal World Photo
Company Lands Airport Lease
Chad Lawhorn
Wonder
Pauline Elevator
USDA
New York
Handy & Harman
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