Joint venture births cardiovascular drug plant in Russia
Bristol-Myers Squibb and Akrikhin opened the former Soviet Union plant near Moscow to produce Capoten and Corgard tablets, aiming for 100 million units yearly. The project, valued at refitting costs, seeks to attract further foreign investment amid Russia’s market reforms. A ritual blessing accompanied the ceremony in Kupavna.
MENTIONED IN THIS ARTICLE
Kupavna
Russia
Bristol-Myers Squibb Co
Soviet Union
Akrikhin
Jeffrey W. Lack
Commonwealth of Independent States
Moscow
Bristol-Myers Squibb
New York stocks rise as Dow gains amid calm post unrest
Markets rebound on Monday with the Dow up 35.11 to 3,371.20 and the NYSE composite rising to 229.10 while volume reaches 76.82 million shares. Traders note relief from Los Angeles unrest easing fears of wider spread as IBM leads gains and biotechnology shares advance on Barron’s report.
MENTIONED IN THIS ARTICLE
New York
Los Angeles
Wall Street
New York Stock Exchange
American Stock Exchange
IBM
Barron’s
Johnny's opens Overland Park location draws KU crowd
Johnny's owners expand to Overland Park Johnson County attracting KU students and graduates. Partners note eight months of solid profits and steady bills, with Lawrence operations including Johnny's Second Street and adjacent venues. The duo launch with KU photos and a strong Lawrence heritage.
MENTIONED IN THIS ARTICLE
Kansas University
Kansas City
Lawrence
Overland Park
Louie Riederer
Riederer
Johnson County
Second
Johnny's
Doug Hassig
Rick Renfro
Pat Roberts
Roberts
Renfro
Hassig
Wilson Foods workers strike after rejecting contract offer
Oklahoma City and three other cities see UFCW Local 1200 and locals in Logansport Cherokee and Alabama walk out after a strike vote. They protest a concessionary three year contract with reduced benefits and changes to medical and drug programs. Doskocil owns the Wilson Foods plant and faced bankruptcy earlier.
MENTIONED IN THIS ARTICLE
Wilson Foods
Oklahoma City
Wilson Foods Corp
Deskocil Companies Inc
Alice Pollock
United Food and Commercial Workers Union
Logansport
Ind
Cherokee
Iowa
Birmingham
Ala
Pollock
Deskoell
Wilson
Doskocil
South Hutchinson, Kan
Edible Foods and Fats
Loganaport
Lows
Alabama
United Food and Commercial Workers
Chicago
Mike Wilbur
Kay Titchenal
Macy to Decide Which Macy’s Stores to Close
Macy’s bankruptcy spokesman James Fingeroth says the chain likely will close about 10 of its 120 department stores but final decisions have not been made and no stores are identified. Macy’s operates Macy’s Bullock’s I Magnin and smaller shops and seeks to sell I Magnin. A May 10 bankruptcy hearing is scheduled.
MENTIONED IN THIS ARTICLE
New York
8.H. Macy & Co
James Fingeroth
Macy
Crain
Fingeroth
Macy's
Bullock’s
I. Magnin
Retirement incentive trims utility's payroll
TOPEKA AP More than 600 KPL Gas Service employees left voluntarily or via early retirement after incentives aimed at trimming costs following the 1 billion acquisition of Kansas Gas and Electric Co. The combined companies employ about 5,000 workers and serve 1.4 million gas customers and 566,000 electric customers in eastern Kansas. About 541 of 738 eligible elected early retirement. 61 tenured staff joined a voluntary separation program.
MENTIONED IN THIS ARTICLE
Topeka
KPL Gas Service
KPL
Kansas Gas and Electric Co
Wichita
Kansas
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