Closing arguments in Tyco International trial end debate
Prosecutors offered no proof that Tyco International ex CFO Mark H. Swartz looted the company as his lawyer argued. Swartz and former CEO L. Dennis Kozlowski deny stealing 170 million by hiding pay and abusing loans while allegedly inflating Tyco stock value from 1995 to 2002. Deliberations could begin Thursday.
MENTIONED IN THIS ARTICLE
Tyco International Ltd
Charles Stillman
Mark H. Swartz
Swartz
L. Dennis Kozlowski
Tyco
Aquila Audit Finds No Falsified Finance Claims
An internal Aquila Inc investigation found no evidence supporting claims that executives manipulated financial results. The audit committee, aided by outside counsel and advisers, reviewed bonuses, accounting, trading, and real estate after receiving a May 12, 2003 letter. The 185 page report was submitted to the SEC. Aquila is the Kansas City based natural gas provider for Lawrence.
MENTIONED IN THIS ARTICLE
Aquila Inc
Securities and Exchange Commission
Lawrence
Smucker to Buy International Multifoods in $500 Million Deal
The J M Smucker Co will acquire Minneapolis based International Multifoods Corp maker of Pillsbury Hungry Jack and other brands in a 500 million cash and stock purchase. Multifoods shareholders receive 25 a share 80 percent Smucker stock 20 percent cash and assume about 340 million debt.
MENTIONED IN THIS ARTICLE
J.M. Smucker Co
International Multifoods Corp
Pillsbury
International Multifoods
Multifoods
Smucker
Kodak expands digital push by acquiring NexPress stake
Eastman Kodak Co. agrees to buy Heidelberg Druckmaschinen AGs 50 percent NexPress Solutions LLC stake for up to 150 million. The deal accelerates Kodak s transition to digital color printing as it lowers 2004 earnings outlook to 2.05 2.35 a share from 2.25 2.55 while Kodak shares slip on the news.
MENTIONED IN THIS ARTICLE
Eastman Kodak Co
Heidelberger Druckmaschinen AG
Kodak
Heidelberg
NexPress Solutions LLC
Kansas House OKs delay of new destination tax plan
Kansas House approves a moratorium on the 2003 destination based sales tax law until Congress allows Internet sales taxation. The bill returns to the previous policy and includes a one time $1000 tax credit for small businesses proposed by Rep. Nancy Kirk.
MENTIONED IN THIS ARTICLE
Topeka
Kansas
Congress
House
Nancy Kirk
Arlen Siegfreid
R-Clathe
Kirk
Senate
Siegfreid
Tax Committee
Contrition could help Stewart salvage image experts say
AP reports public relations specialists advise Martha Stewart to show contrition and apologize to the public, softening her image while she faces a possible prison term. Some caution delaying a full apology to avoid seeming fake, citing past rebound stories like Michael Milken who later funded philanthropy.
MENTIONED IN THIS ARTICLE
New York
Martha Stewart
Howard Rubenstein
Leona Helmsley
Mike Tyson
Stewart
Seth M. Siegel
The
Beanstalk Group
Michael Milken
King
Milken Foundation
Santa Monica
Calif
Foundation
Seth Taube
Securities and Exchange Commission
Newark, NJ
Forgiveness and contrition cited in public remarks
Taube notes a forgiving nation and says Stewart could admit judgment errors without admitting a crime. He argues continued contrition is needed for credibility, contrasting with President Clinton's approach and urging accountability beyond words.
MENTIONED IN THIS ARTICLE
Taube
Clinton
Stewart
Peoples Bank to open new South Iowa Street branch in Lawrence
Peoples Bank of Lawrence confirms purchase of the vacant 31st and Iowa site at the northwest corner of the intersection. A 4,000-square-foot full-service bank is planned within 12 to 18 months, creating about six jobs. The move expands the chain to three Lawrence locations and aligns with strong growth and customer survey support.
MENTIONED IN THIS ARTICLE
Peoples Bank
Iowa Street
31St
Iowa Streets
Todd Harris
KLWN
KLZR
Harris
Lawrence
Sixth Street
Wakarusa Drive
23Rd
Harper Streets
Peoples
Ottawa
Kansas
New Mexico
Local grain prices from Ottawa and nearby elevators
As of Monday's close Ottawa Cooperative Assn lists wheat at 3.47, corn 2.68, milo 2.63, soybeans 8.99 with Edgerton milo 2.63 and soybeans 8.99. Overbrook shows wheat 3.47, corn 2.68, milo 2.63, soybeans 9.04. Midland and Lawrence entries show partial data. Lawrence South lists milo 2.63 and soybeans 8.99. Pauline.
MENTIONED IN THIS ARTICLE
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland Elevator
Lawrence North
Lawrence South
Pauline
Grain and metal futures slip on Chicago Board of Trade
Soybean and grain futures declined as May wheat fell to 3.67 3/4 a bushel and May corn slid to 2.92 1/2 while May soybeans dropped to 9.17 a bushel. Nonferrous metals at London Metal Exchange showed mixed gains with lead at 910 per metric ton and zinc around 53.07 to 53.32 cents per pound.
MENTIONED IN THIS ARTICLE
New York
London
Handy & Harman
Chicago Board of Trade
Also Mentioned on This Page
Kozlowski
Tyco International Trial
Kansas City
Aquila
Maker
Hungry Jack
Manhattan Federal Court
Clawhorn
Ljworld.com
Chad Lawhorn
N.Y
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