United Airlines delays exit from bankruptcy
United Airlines said it would take longer than planned to emerge from Chapter 11. It cited unsettled issues and did not set a new target date, but expected to exit sometime this summer if a $1.6 billion federal loan guarantee arrives and Congress approves pension relief legislation. The carrier had projected a June 30 exit after filing in December 2002 and spending 18 months in bankruptcy.
MENTIONED IN THIS ARTICLE
United Airlines
United
J.P. Morgan Chase
Citigroup
EU to push monopoly ruling against Microsoft
The European Union plans a precedent setting ruling against Microsoft Corp over antitrust behavior after failed settlement talks with CEO Steve Ballmer in Brussels. The action could include fines in the hundreds of millions of dollars and a broad deal requirement to curb future Windows features.
MENTIONED IN THIS ARTICLE
European Union
Microsoft Corp
U.S
Microsoft
Steve Ballmer
Brussels
Mario Monti
Tyco trial heads to jury in $600 million looting case
A jury began deliberating Thursday in the Tyco case against former CEO L. Dennis Kozlowski and former CFO Mark H. Swartz. They face 32 counts of grand larceny, falsifying business records and violating state laws. If convicted they could face up to 30 years. The trial featured 47 witnesses and 700 exhibits including Sardinia birthday party tapes and an $18 million Fifth Avenue apartment. Deliberations ended for the day without a verdict and were to resume today.
MENTIONED IN THIS ARTICLE
Tyco
L. Dennis Kozlowski
Mark H. Swartz
Sardinia
Fifth Avenue
Sunflower to offer wireless services with Sprint deal
Sunflower Broadband and Sprint announced a first of its kind agreement to sell Sprint PCS wireless service to Sunflower customers in Lawrence. The deal, confirmed Thursday, aims to create a single bill and unified voice mail for traditional and wireless lines, with plans under development and initial rollout likely within 60 days.
MENTIONED IN THIS ARTICLE
Sunflower Broadband
Sprint
Sunflower
Sprint Pcs
Patrick Knorr
David Gunasegaram
Overland Park
Gunasegaram
Knorr
Sun
Lawrence
Eudora
Tonganoxie
Linwood
Basehor
the World Company
The
Journal-World
Bars Expect Big KU Tourney Night In Lawrence
Bar operators in Lawrence anticipate a strong night as Kansas University's first round NCAA Tournament game tips around 9 p.m. on Friday. Set’Em Up Jacks projects about 400 patrons by 6:30 p.m., while The Yacht Club and JB Stouts Sports Bar foresee higher weekend activity. Owners cite late kickoff and Friday demand as drivers of revenue, with potential impacts if KU wins and mood carries into the week.
MENTIONED IN THIS ARTICLE
Ulysses Demby
Count Demby
Lawrence
Kansas University
Demby
23Rd St
Jeff Johnson
Yacht Club
Wis
Jay Barrer
Wichita
Brooke Seymour
Chris Maugans
Hutchinson
Ryan Patton
Josh Mulson
Kansas City
Kan
Jayhawks
Kmart Posts Profit in Quarter but Same-Store Sales Fall
Kmart Holding Corp reports its first profitable quarter since emerging from bankruptcy with net income of $276 million or $2.78 a share in Q4. Despite the profit, same-store sales drop 13.5 percent while total sales fall 25.8 percent. CEO Julian Day cites better inventory management and pricing as key factors, noting year end inventory at $3.3 billion, down 25 percent. Distribution center cited in Lawrence.
MENTIONED IN THIS ARTICLE
Detroit
Kmart Holding Corp
Troy
Kmart
Julian Day
Day
Lawrence
Local market quotes and commodity prices across Oklahoma and Missouri
Thursday price reports from Ottawa and Lawrence elevators list wheat corn milo and soybeans with varied values including $3.80 wheat and $2.87 corn at Ottawa and $10.04 soybeans at several elevators. Related cattle hog notes and metal prices follow, noting Canada hog imports and spot metals data from New York and London exchanges.
MENTIONED IN THIS ARTICLE
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland Elevator
Lawrence North
Lawrence South
Pauline
New York
London
N.Y
N-Y
Also Mentioned on This Page
Lawrence Journal-World
Ljworld.com
International
Sunflower To
Chad Lawhorn
NCAA
Luke Lawlor
JB Stouts
Wakarusa Drive
Lawlor
Mike Yoder
Journal-World Photo
Kmart Credits
St. Joseph Livestock
St. Joseph, Mo
Cae
Ratan Me Uo
Contry
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