Enron names McMahon interim CFO after Fastow ouster
Enron Corp ousts Andrew Fastow as chief financial officer after Kenneth Lay asserts confidence in him amid SEC scrutiny over partnerships. Fastow takes leave. Jeff McMahon becomes interim CFO as Enron stock plunges 17 percent to 16.41.
MENTIONED IN THIS ARTICLE
Enron Corp
Andrew Fastow
Kenneth Lay
Fastow
Jeff McMahon
Enron
Industrial Markets Group
Securities and Exchange Commission
Former GE chair to join J P Morgan as adviser
Former GE chairman Jack Welch will join J P Morgan Chase as an adviser, working with CEO William Harrison to develop managers and an integrated corporate culture. Welch had earlier become a Clayton Dubilier Rice special partner and led GE for two decades to become a global value leader.
MENTIONED IN THIS ARTICLE
J.P. Morgan Chase & Co
General Electric Co
Jack Welch
U.S. Bank
William Harrison
Welch
New York
Clayton, Dubilier & Rice
Harrison
J.P. Morgan
Viacom Posts Third Quarter Loss After Ad Revenue Drop
Viacom Inc owner of CBS MTV and Paramount reported a net loss of 190.4 million dollars for the quarter ending September 30. The results include a 356 million dollar charge at Blockbuster Video to fund a shift into DVD rentals. Excluding the charge, the loss would be one cent per share, versus a year-ago profit of 33.4 million dollars or two cents per share.
MENTIONED IN THIS ARTICLE
Viacom Inc
CBS
MTV
Paramount Film Studio
Viacom
Blockbuster Video
Thomson Financial
First Call
Wee Willie Masks sell through Kansas stores as Cats fans cheer
Entrepreneurs Augustus modeled the mask for promotions while Sonya Anders and her family marketed Wee Willie Masks under AAA Enterprises. The product, featuring the Kansas State Wildcats logo, began in Enterprise and expanded to Manhattan and Lawrence stores. Delayed shipments from Mexico followed the September 11 attacks, leading to a temporary price cut to help retailers.
MENTIONED IN THIS ARTICLE
Larry Harris
Enterprise
Mexico
Sonya Anders
Augustus
Austin
Aaron
Kansas State Student Union
Manhattan
Fun and Games
Lawrence
Quilters
Paradise
Baldwin
Anders
AAA Enterprises
KSA
Kansas State
Chapman High School
Aaron Anders
Wee Willie
Bill Snyder
Eli Roberson
Aaron Lockett
Dale Anders
Dickinson County Bank, Enterprise
New York
Washington, D.C
Wildcats
K-State
Local market quotes and commodities prices midweek
As of Wednesday, Ottawa Cooperative Assn and several elevators list Wheat around 2.67 to 2.70, corn 1.70, milo 1.72, soybeans 3.93 to 3.98. USDA Loan Deficiency Payments show corn 17 cents, soybeans 1.39, mil a 4 cents. Hog receipts pegged 300. barrows and gilts steady, local buyers hauling corn amid wet weather. feeder pigs expected, prices 34.00 to 34.50 for 230-270 lb. sows down, boars steady. Nonferrous metals and precious metals cited with spot prices for aluminum copper lead zinc gold silver and platinum.
MENTIONED IN THIS ARTICLE
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland Elevator
Lawrence Elevator
Pauline Elevator
USDA
St. Joseph
St. Joserh
Midwest
Jean
New York
London
U.S
Handy & Harman
Etary
Fed expert expects another rate cut
A Fed expert says further rate reductions are likely as the economy skews toward recession after the attacks. Economic activity stalled, and consumer spending fell except for preparations for possible further attacks. Optimism hinges on equity market rebounds and rising stock prices signaling business turnaround.
MENTIONED IN THIS ARTICLE
Fed
Angell
Greekspan
Wall Street
Microsoft outlines NET MyServices future strategy
Microsoft unveils NET MyServices a broad plan to store subscriber data and deliver customized information across devices for a monthly fee. MSN will run portions of NET, with traffic alerts and other short messages, while Windows XP underpins the platform and developers gain access to toolkits. Analysts note broad adoption may take years and that Microsoft shares the field with IBM and Sun, though IBM may lead in delivery.
MENTIONED IN THIS ARTICLE
Microsoft
MSN
Charles Fitzgerald
Platform Strategy Group
Giga
Rob Enderle
San Jose
Calif
IBM
Sun Microsystems
Enderle
Sun
Also Mentioned on This Page
CFO
Willie the Wildcat
Anders’ Adventures
Karrey Britt
Ana Lest
Massachusetts
Greenspan
Kansas University
Mark Fagan
Software Giant
Enon
Aeros
Sunflower Ax
Riverfront Plaza
Ste. 301
Hacovary.com
Sunflower i
Ste
Channel
Sunflower
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