Western Resources KCPL set votes on merger
Western Resources Inc and Kansas City Power and Light Inc schedule special shareholder meetings for January 2 to vote on their proposed $2 billion merger. If approved, Western Resources would add KCPL assets totaling about $9.5 billion and position as the 33rd largest electric utility and 8th largest gas company in the United States.
MENTIONED IN THIS ARTICLE
Western Resources
KCPL
Kansas City
Western Resources Inc
Kansas City Power & Light Inc
Shapholders
Topeka
Western First
UtiliCorp United Inc
UtiliCorp Union
Wall Street Journal
Western
Carl Koupal
Missouri
Kansas
Diversified Security and Energy Company
Dow Jones Markets downsizing and job cuts loom
Dow Jones & Co sharply curtails its 650 billion plan to revamp Dow Jones Markets and will lay off about 200 to 300 division employees. The move signals a potential sale of the struggling unit as Merrill Lynch buys Mercury Asset Management Group PLC for 5.3 billion to expand international money management.
MENTIONED IN THIS ARTICLE
Market Information Service
Dow Jones & Co
Dow Jones Markets Financial Information Service
Dow Jones
Merrill Lynch & Co
London
Wenesday
Mercury Asset Management Group:plc
Merrill
Mercury
Panel weighs audit of multimillion tax break for banks
Kansas lawmakers hear Bank Commissioner W Newton Male defend October 1995 order allowing state banks to form subsidiaries to hold securities to dodge privilege taxes. The measure, estimated to save banks 16.5 million over two years, faces questions from Rep. Henry Helgerson and Sen. Dave Kerr about revenue impact and legislative oversight.
MENTIONED IN THIS ARTICLE
Topeka
W. Newton Male
Male
Jim Maag
Kansas Bankers Assn
Legislative Budget Committee
Maag
Henry Helgerson
Wichita
Legislative Division
Post Audit
Sen
Dave Kerr
R Hutchinson
Senate
Ways and Means Committee
Frank Dunnick
Dunnick
Kansas
Mang
Helgerson
Commissioner
Payless Cashways wins reorganization plan approval
Payless Cashways Inc, based in Kansas City, wins bankruptcy court approval to emerge from Chapter 11 on December 3. The plan cuts liabilities by roughly 52 percent, closes 29 underperforming stores, trims 1,900 jobs, and issues new stock and cash to creditors. A nine member board will take over with leaders from Boise Cascade, Genesco, and Farmland Industries among appointees.
MENTIONED IN THIS ARTICLE
Payless Cashways Inc
Kansas City
Anita-Marie Hill
Hill
Lawrence
Payless Cashways
Iowa
Payless
U.S
Lion
Peter G. Danis
Boise Cascade Office Products Corp
David M. Chamberlain
Genesco Inc
H.D. Cleber
Farmland Industries
Local markets and Kansas cattle quotes update
Market wrap lists grain prices from Farmer's Cooperative Assn for several elevators in South Elvator and Midland and North Elevator with Wheat soybeans milo corn prices. Dodge City market notes slow trade with 11 500 cattle weekly and detailed steer and heifer price ranges in Kansas and Missouri including several weight classes and feeder cattle quotations.
MENTIONED IN THIS ARTICLE
Farmer's Co-operative Assn
South
Milo
Midland
North
Dodge City
Kansas
Hogs and cattle prices mixed on midweek market report
The Omaha market shows hogs mostly steady with barrows and gilts down about 50 cents from Tuesday amid warmer fall weather and harvests. Prices listed for various weight ranges, sows steady, cattle and calves scarce, and sheep none. Nonferrous metals also reported with Aluminum at 73.1 cents per lb and Copper around 85.70 cents per lb.
MENTIONED IN THIS ARTICLE
Omaha, Nes
Uspa
Omaha
U.S
Wet York
N.Y
Estee Lauder to Acquire Aveda in 300 Million Deal
Estee Lauder Companies Inc. purchases Aveda Corp. for 300 million dollars, expanding into salon hair care and adding a premium brand to its portfolio. The New York firm already markets Clinique, Origins, MAC, Bobbi Brown, Tommy Hilfiger, and other lines, and will soon manufacture Donna Karan’s beauty line as well.
MENTIONED IN THIS ARTICLE
Estee Lauder Companies Inc
Aveda Corp
Aveda
Estee Lauder
U.S. Department
Donna Karan
Also Mentioned on This Page
Securities & Exchange
Nuclear Regulatory Commission
Koupal
AKCPL
Merrill‘ Lynch
Commerce Department
Wall Street
European Union
Ricard Gwinstour
Earl Relneman
Weaver's Department Store
Mass
W. Newton
Dave Toplikar
Toplikar
Jworld.com
St. Joseph Livestock
Joseph Mo
Helfers
Omaha Livestock
THE
Associated Press
Dogbert Research CO
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