WorldCom chief Ebbers resigns amid debt and probe
Bernard J Ebbers, who built WorldCom into a telecom giant, steps down as president and CEO amid a steep decline and an SEC inquiry into its finances. John Sidgmore named successor in both roles, Bert Roberts remains chairman as the firm contends with about 28 billion dollars in debt and investor doubts.
MENTIONED IN THIS ARTICLE
Bernard J. Ebbers
WorldCom Inc
SEC
WorldCom
John Sidgmore
Ebbers
Bert Roberts
Wall Street
Securities and Exchange Commission
Wall Street shrugs off dip in consumer confidence
Consumer confidence slipped in April from a seven month high but optimism about the economy remained above forecasts. The Conference Board said its index fell to 108.8 from 110.7 in March, while analysts expected 107.5. The Dow rose 126 points to 9,946 and the Nasdaq added 3 to 1,688.
MENTIONED IN THIS ARTICLE
Wall Street
Conference Board
Lynn Franco
La Petite Academy to Move Headquarters to Chicago
La Petite Academy, an early childhood education company, said it will move its corporate headquarters from Kansas City to Chicago. It will maintain an office with several departments in Overland Park, Kansas, and the new Chicago HQ is expected to add at least 100 jobs for the Chicago area.
MENTIONED IN THIS ARTICLE
la Petite Academy
Kansas City
Chicago
Kan
Overland Park
Construction activity in state surges toward 2001 pace
A FW Dodge survey shows total current and planned state construction through late April at 111 billion dollars, up 14 percent from 2001. Residential work leads gains, rising 25 percent, with surveys covering residential, commercial and non building projects like roads and bridges.
MENTIONED IN THIS ARTICLE
FW Dodge
Aquila Targets Credit Rating After Moody's Outlook Move
Aquila Inc. based in Kansas City plans to do whatever is necessary to lift its credit rating after Moody's revised its outlook to negative. Moody's said the outlook increase the chance of a downgrade to junk status, raising financing costs and collateral needs for the energy company formerly known as Utility United.
MENTIONED IN THIS ARTICLE
Kansas City
Aquila Inc
Moody’s Investor Service
Moody's
Aquila
UtillCorp United Inc
Lawmakers unveil new subsidy rates for grain crops
Washington lawmakers disclosed subsidy hikes for select grains as part of a sweeping farm bill. The plan, advancing to Congress next week, would raise loan rates and revive a target price system, boosting agriculture spending by about 73.5 billion over a decade while adjusting rates by crop to reflect production costs.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Tom Daschle
Sen
Kent Conrad
Farmers hail April rain boosting Douglas County crops
After a dry start the Lawrence area recorded 5.76 inches of April rain, lifting farmer morale and crop prospects. Douglas County shows strong topsoil moisture and better than western Kansas, aiding corn and soybeans while wheat remains challenged in drier areas. A late hailstorm damaged some asparagus and flowers at Pendleton’s Market.
MENTIONED IN THIS ARTICLE
Douglas County
Bill Wood
Topeka
National Weather Service
Lawrence
Ross Janssen
G News
Kansas Agricultural Statistics Service
Eddie Wells
Kansas
Wells
Wood
John Pendleton
Pendleton
Judge clears HP Compaq deal to proceed in Delaware ruling
A Delaware Chancery Court judge ruled Hewlett-Packard did not act improperly in the proxy fight over the $18.4 billion HP Compaq merger. Judge William B Chandler found Hewlett failed to prove that HP bullied a major investor and said HP's merger statements were true and in good faith. Hewlett plans to appeal. HP and Compaq expect to begin integration steps soon.
MENTIONED IN THIS ARTICLE
San Jose
Calif
Delaware
Hewlett- Packard Co
Compaq Computer Corp
William B. Chandler
H-P
Walter Hewlett
Chancery Court
Wilmington
Del
Hewlett
Delaware Supreme Court
Palo Alto
11-P
Compaq
Chandler
William Hewlett
B-P
Various grain prices and livestock quotes from multiple elevators and markets
Prices listed for wheat corn milo and soybeans at Ottawa, Edgerton, Overbrook, Midland, Lawrence North and South elevators with soybeans at 4.40, plus USDA loan deficiency payments and Tuesday livestock quotations from St Joseph Missouri noting receipts, hog prices and weight ranges, and nonferrous metal spot prices in New York with aluminum at 63.4 cents per lb and gold at 308.20 per oz.
MENTIONED IN THIS ARTICLE
Qoitawa Cooperative Assn
Ottawa
Mila
Edgerton
Overbrook
Milo
Midland
Lawrence North
Lawrence South
USDA
New York
London
Handy & Harman
Also Mentioned on This Page
Education la Petite Academy
Utilities
Aquila Credit Rating At Risk
Business Editor
Chad
Mike Yoder
Journal-World Photo
Stacey Becker
Elizabeth Craft
Mae
Hewlett-Packard
H-P Management
Silicon Valley
Hewlett Or Packard
H+P
Cette
St. Joseph
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