Payless urges vote against dissident board nominees
Payless ShoeSource says its board and Institutional Shareholder Services urge shareholders to vote against three dissident nominees from The Bar ington Companies Equity Partners LP. The Topeka chain argues dissidents offer vague ideas and quick fixes that would distract and disrupt operations at a bad time for the company.
MENTIONED IN THIS ARTICLE
Payless ShoeSource Inc
Barington Companies
Equity Partners LP Group
Federal Securities and Exchange Commission
Institutional Shareholder Services
William J. Fox
Harald D. Kahn
James A. Mitarotonda
Payless
Former county attorney to lead anti fraud division
Douglas County District Attorney Jerry Wells named director of the Kansas Insurance Commission anti fraud division. Commissioner Sandy Praeger said the department will expand to investigate insurance fraud and educate Kansas consumers. Wells was previously director of government affairs and special counsel to the commissioner. The ex Koch Crime Institute head noted the department was speeding through more than 250 fraud cases.
MENTIONED IN THIS ARTICLE
Douglas County Dist
Jerry Wells
Kansas Insurance Commission
Kansas Insurance
Sandy Praeger
Wells
Kansas
Koch Crime Institute
Raud
Ebbers Hit with Six New Counts in WorldCom Case
Federal prosecutors add six charges against former WorldCom CEO Bernard Ebbers for false filings with the Securities and Exchange Commission. The indictment covers WorldCom quarterly and annual reports from late 2000 to early 2002, on top of existing fraud and conspiracy charges tied to the company’s collapse.
MENTIONED IN THIS ARTICLE
WorldCom
Bernard Ebbers
Securities and Exchange Commission
Ebbers
World-Com
Telecommunications
U.S
Cattle brokers jailed for multi state fraud scheme
Two Missouri cattle brokers, George Young of Grant City and Kathleen McConnell of Kansas City, were sentenced in Kansas City federal court to nine years and seven years three months respectively for wire and mail fraud. They must serve five years supervised release and jointly pay 183 million dollars restitution. They co-owned United Livestock Services with Professional Business Services handling bookkeeping across Missouri Kansas Nebraska and Iowa.
MENTIONED IN THIS ARTICLE
Missouri
Kansas
George Young
Grant City
Kathleen McConnell
Kansas City
U.S. District Court
Young
McConnell
Young and McConnell
United Livestock Services
Nebraska
Iowa
Boeing union urges Wichita members to reject contract and strike
The Society of Professional Engineers in Aerospace at Boeing Wichita urged members to reject the latest contract and authorize a strike. Voting began after an afternoon meeting with polls open until Friday 5 p.m. to accommodate out of town voters.
MENTIONED IN THIS ARTICLE
WicHiTa
Union of Technical and Professional Workers
Boeing Co
Society of Professional Engineering Employees In Aerospace
Judy Hurd
Boeing
Gasoline Seen Rising to Record Highs This Summer
Oil and gasoline prices reached new highs as New York traders pushed benchmark crude to a record close of 41.72 a barrel. Gasoline futures for June delivery closed at 1.458 a gallon, while the nationwide average rose to 2.064. Analysts warn Memorial Day weekend will stress supplies further amid strong demand from the US and China.
MENTIONED IN THIS ARTICLE
New York
Saudi Arabia
Phil Flynn
Alaron Trading Corp
New York Mercantile Exchange
AAA
Flynn
California
Conyers
Former NYSE chief faces suit over 187 million pay
New York Attorney General Eliot Spitzer filed suit against former NYSE chairman Richard Grasso and board member Kenneth Langone and the NYSE itself. The action seeks rescission of the 187.5 million compensation package, calling it wholly inappropriate and illegal after a four month probe into executive pay practices.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Richard Grasso
Grass0
Atty
Eliot Spitzer
Grasso
Stock Exchange Board
Kenneth Langone
Exchange
NYSE
Stock Exchange
Spitzer
Grain and livestock futures rise on exchange markets
Chicago trade sent wheat and corn higher for July delivery while soybeans fell. Beef and pork futures advanced on the Mercantile Exchange with gains in live cattle feeder cattle hogs and pork bellies. Local elevator quotes showed mixed cash grain prices for wheat corn soybeans across Ottawa Edgerton and other elevators. Nonferrous metals in New York also posted movement with base values noted.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago Mercantile Exchange
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland
Lawrence North
Also Mentioned on This Page
Boeing Union
Tulsa
McAlester
Oklo
Fred Solis
The
Energy Information Administration
Energy Department
Pope Saye
Presse
Lawrence South
Pauline
Ctican
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