Tyco Leaders Face Fraud Trial Over $600 Million Theft
Former Tyco International executives L Dennis Kozlowski and Mark Swartz opened their fraud defense as prosecutors claim they raided bank accounts for 600 million, then lied about it. They may argue the funds were loans and board approved bonuses disclosed to auditors as they face up to 30 years if convicted.
MENTIONED IN THIS ARTICLE
Tyco International
L. Dennis Kozlowski
Tyco
Mark Swartz
Kenneth Chalifoux
Kozlowski
Energy Department predicts higher wholesale natural gas prices
The Energy Department announced a winter price rise of about 9 percent for wholesale natural gas, estimating $4.50 to $5 per 1,000 cubic feet. Home heating costs for households could average nearly $1,000 this winter if cold weather increases fuel use, about 22 percent above last year.
MENTIONED IN THIS ARTICLE
Energy Department
Kraft to offer socially friendly coffee from Rainforest Alliance farms
Kraft Foods Inc will buy 5 million pounds of certified coffee beans from farms in Brazil Mexico and Central America approved by the Rainforest Alliance as part of a socially and environmentally responsible program. Stores will carry the coffee in 2004 with price not yet set.
MENTIONED IN THIS ARTICLE
Kraft Foods Inc
Food and Beverage Company
Latin America
Kraft
Brazil
Mexico
Central America
Rainforest Alliance
Patricia Riso
Riso
Coca-Cola settles whistleblower suit over Frozen Coke fraud
The Coca Cola Co agrees to pay 540000 to a former finance manager to settle a whistleblower lawsuit that spurred a criminal probe. Matthew Whitley alleged wrongful termination after he exposed an alleged marketing test rigging to inflate Frozen Coke popularity at Burger King in Virginia.
MENTIONED IN THIS ARTICLE
Coca-Cola Co
Matthew Whitley
Coke
Burger King
Virginia
Appeals court clears do not call list enforcement
The 10th Circuit allowed FTC to enforce the national do not call registry, ruling federal interests in curbing abusive telemarketing outweigh judge Nottingham’s free speech concerns. FTC will restore an Internet and phone system for registering and challenging telemarketers, with oral arguments set for Nov. 10 in Tulsa.
MENTIONED IN THIS ARTICLE
Denver
10Th
U.S. Circuit Court of Appeals
Federal Trade Commission
U.S
Edward Nottingham
List
Supreme Court
Appeals Court
Congress
FTC
Timothy Muris
Ameri
Can
Federal Communications Commission
Nottingham
Tulsa
Oklo
Sean Gallagher
American Teleservices Assn
Shippers test ways to curb costs amid mixed economy
US shippers explore cost cuts as demand fluctuates. Pine Hall Brick Co in Madison North Carolina keeps spare parts to cut next day shipments, while Link-Belt Construction Equipment of Lexington Kentucky opts for smaller frequent deliveries, cutting inventory costs. FedEx and UPS report mixed volumes in retail and manufacturing, with UPS optimistic about growth and FedEx aiming to expand ground and air parcel markets despite a 19 percent quarterly profit drop.
MENTIONED IN THIS ARTICLE
Vernon Moore
Pine Hall Brick Co
Madison
N.C
Moore
UPS
FedEx
Madison, N.C
Link-Belt Construction Equipment Co
Lexington
Kurt
Kuehn
United Parcel Service Inc
FedEx Corp
FedEx Ground
U.S
Taikan Inc expands Lawrence headquarters to add space and jobs
Taikan Inc plans a 400000 expansion to add 10000 square feet of warehouse and R&D space at 919 E. 29th St in Lawrence. The project may raise staff by up to 10, including four engineers and technicians for product development and six for warehousing as the firm broadens distribution to a Canadian customer and other U.S. markets.
MENTIONED IN THIS ARTICLE
Lawrence
Taikan Inc
E. 29Th St
Ching Wang
Taikan
U.S
Wang
Taiwan
United States
Drought Disaster Declarations Sought by Kansas Counties
Kansas farmers report crop losses from a summer drought across 22 counties seeking federal drought disaster declarations. Losses range from 10 to 100 percent as growers cut dryland corn for silage amid high irrigation costs. Farmers Brian and Carolyn Dunn of St. John describe a drier year with worse conditions than last year. Governor Sebelius has urged a drought disaster declaration for Morton County.
MENTIONED IN THIS ARTICLE
Wichita
Kansas
Kansas Department of Agriculture
Brian
Carolyn Dunn
St. John
Kathleen Sebelius
Morton County
U.S
Secretary of Agriculture
Anne Veneman
Also Mentioned on This Page
Swartz
Food & Beverage Kraft
Oks
Associated Press
Kurt Kuehn
Clawhorn
Ljworld.com
Harper
Ninder
Central National Bank
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