Miss Cleo line firms settle FTC fraud case
Access Resource Services Inc. and Psychic Readers Network Inc. agreed to forgive 500 million dollars in customer bills and cease selling services by phone to settle a federal lawsuit. TheFTC fines five million dollars and the companies face a probe into deceptive psychic claims connected with Miss Cleo.
MENTIONED IN THIS ARTICLE
Miss Cleo
Psychic Hot Line
Access Resource Services Inc
Psychic Readers Network Inc
Federal Trade Commission
Fort Lauderdale
Fla
Howard Beales
FTC
Consumer Protection Bureau
Retail sales hold steady in October amid mixed spending
Consumers bought fewer new cars but splurged on clothes helping retail sales stay level in October. The Commerce Department report lifted Wall Street hopes and suggested shoppers may support the holiday season despite a nine year low in consumer confidence and fears of war with Iraq.
MENTIONED IN THIS ARTICLE
Iraq
Commerce Department
Wall Street
Former Adelphia leader pleads guilty to fraud
James Brown former Adelphia vice president of finance pleaded guilty to securities fraud in Manhattan federal court admitting he conspired with Rigas family to lie to investors and plunder the Adelphia cable system. He agreed to testify against family members as Adelphia faced bankruptcy protection after the scandal cost investors billions. A Lawrence attorney aided a separate case involving a ride safety suit against an out of state amusement park.
MENTIONED IN THIS ARTICLE
Rigas
Adelphia Communications Corp
Manhattan
James Brown
Adelphia
Coudersport
Lawrence
Coach Williams stresses teamwork at Lawrence chamber breakfast
Kansas University coach Roy Williams told about 200 business owners at the Lawrence Chamber of Commerce event that success hinges on moving a team toward a shared goal and aligning individual desires with collective aims. He urged daily follow through, clear directions, immediate feedback, and balanced motivation, noting a preseason NIT game against Holy Cross to illustrate pressure and performance.
MENTIONED IN THIS ARTICLE
Lawrence
Roy Williams
Chamber of Commerce
Kansas University
Williams
Lawrence Chamber of Commerce
Chamber A.M
Baldwin
NBA
Sprint PCS to cut 1600 jobs in reorganization
Sprint PCS will lay off about 1,600 workers and release around 500 contractors as part of a reorganization to cut costs. About 660 cuts occur in the Kansas City area with most affected in marketing, IT, network operations, and finance. The move aims to speed decision making and improve margins amid slower industry growth.
MENTIONED IN THIS ARTICLE
Kansas City, Mo
Sprint Corp
Wireless
Sprint Pcs
Len Lauer
Overland Park
Sprint
Kansas City
Dan Wilinsky
Wilinsky
Jeff Kagan
Atlanta
New York Stock Exchange
Lawrence
Lawrence Area
Leo Morton
Aquila
Aquila to pay 1.57 million to settle tax break suit
Aquila Inc. will pay 1.57 million to end a lawsuit by the Land Clearance for Redevelopment Authority over tax breaks granted after Aquila Merchant Services moved into Town Pavilion in downtown Kansas City. The case centered on a 400-employee covenant and downtown redevelopment aid.
MENTIONED IN THIS ARTICLE
Aquila
Kansas City, Mo
Aquila Inc
Kansas City
Omaha
Neb
UtiliCorp United
Aquila Merchant Services
LCRA
30 year mortgage rates hit record low in Freddie Mac survey
Washington AP report says the 30 year fixed rate averaged 5.94 percent this week, down from 6. 1 percent, marking the lowest level since Freddie Mac began tracking in 1971 and the seventh weekly low this year. The 15 year fixed rate eased to 5.32 percent, down from 5.48, the lowest since 1991. Analysts cite falling Treasury yields as a factor.
MENTIONED IN THIS ARTICLE
Washington (Ap
Freddie Mac
Treasury
Also Mentioned on This Page
Cable
Kansas
Holy Cross
Jayhawks
Chad Lawhorn
Journal-World File Photo
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