Shippers and longshoremen reach tech dispute deal
West Coast longshoremen and shipping firms reached a tentative agreement on computer cargo-tracking tech after 10 days of port shutdown. The International Longshore and Warehouse Union agreed to reduce marine clerks if new tech jobs fall under union jurisdiction. Pension and arbitration talks continue. cargo unloaded at a Portland port is shown.
MENTIONED IN THIS ARTICLE
Peter Hurtgen
International
Pacific Maritime Assn
Portland
CyDex appoints new CEO and appoints CFO as leader
Overland Park based CyDex Inc. announces Peter Higuchi resigns as president and CEO. Edward Mehrer, formerly CFO at Marion Merrell Dow, becomes CyDex's new president and CEO. Mehrer has served as CyDex CFO since 1996. CyDex is a KU spin off developing drug salability technologies.
MENTIONED IN THIS ARTICLE
Overland Park
Research
Kansas University
Federal judge upholds beef checkoff program
U S District Judge Richard Cebull ruled the national beef checkoff constitutional in the case of Montana ranchers Steve and Jeanne Charter who resisted a $1 per head tax. The $86 million annual collection funds promotions including Beef It's what's for dinner despite recent pork checkoff rulings.
MENTIONED IN THIS ARTICLE
Ratea
U.S
Richard Cebull
Steve
Jeanne Charter
Montana
Michigan
USDA
FDIC Sues EY Over 2001 S&L Failure Fraud Claim
The FDIC sues accounting giant Ernst & Young for 548 million alleging misstatements of Superior Bank assets and delaying error reporting to protect an 11 billion sale of EY consulting arm. EY denies responsibility for the S&L failure.
MENTIONED IN THIS ARTICLE
Ernst & Young
Federal Deposit Insurance Corp
Superior Bank
S&l
Westar increases losses due to accounting restatement
Westar Energy will restate earnings for the first and second quarters, raising six month losses from 8.94 to 10.31 dollars per share. The Kansas utility plans a 30 cent per share dividend for year end and notes no debt covenants will be violated. A review of related expenses grows Protection One costs to 747 million dollars and adds 5.4 million to a prior accounting charge as its management undergoes state regulatory scrutiny.
MENTIONED IN THIS ARTICLE
Topeka
Westar Energy Inc
Westar
Protection One Security
New York Stack Exchange
Walker Hendrix
Citizens’ Utility Ratepayers ’ Board
Kansas Corporation Commission
Wakarusa Drive adds office space on Lawrence west side
Commercial real estate activity on Wakarusa Drive signals potential end to Lawrence's office slump. Two projects totaling 22,000 square feet include a 13,000-square-foot building at 1420 Wakarusa Drive where Commerce Title will lease about 5,000 square feet. A second 9,000-square-foot building is planned north of the UMB Bank site. BG Consultants plans a 9,000-square-foot office in Dread West Office Park, with completion targeted for October 2003.
MENTIONED IN THIS ARTICLE
Wakarusa Drive
Lawrence
Sth Street
Paul Pendry
Jeff Hoffman
Wichita
Pat O’rourke
Pendry
Commerce
BG Consultants Inc
Dread West
BG Consultants
UMB Bank
Cecil Kingsley
Kingsley
Eighside Court
Manhattan
Hutchinson
Emporia
Commerce Title
Hoffman
Economy backtracks in October hits 5.7 percent unemployment
Washington reports show unemployment rising to 5.7 percent in October as payrolls shrink for a second straight month. Consumer spending fell sharply in September and factory activity also declined. Officials warn of a slow recovery amid war uncertainty and volatile markets.
MENTIONED IN THIS ARTICLE
Washington
David Wyss
Standard & Poor's
Labor Department
Joel Naroff
Naroff Economic Advisors
Commerce Department
Iraq
Wyss
Lawsuits Shake H and R Block Stock Drops
H and R Block shares fell 8 percent after concerns over more than 20 class action suits tied to refund anticipation loans. NYSE halted trading briefly. Block says potential payouts won’t materially affect finances. One Texas case seeks 75 million with a December jury trial. a 25 million nationwide settlement from 1999 was appealed.
MENTIONED IN THIS ARTICLE
Kansas City
H&r Block
New York Stock Exchange
Block
Texas
Also Mentioned on This Page
Cydex Pharmaceutical Firm
Agriculture
Fdic Accounting Giant
Clawhorn
Ljworld.com
Fader
Journal-World Photo
H&r
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