Snow pledge to cut US budget deficit by 2008
U S Treasury Secretary John Snow told IMF and World Bank economists that the United States would halve its huge budget deficit by the end of 2008. He gave few details on how the deficit would be reduced as the Treasury noted a 2003 budget-year shortfall reaching 400.5 billion dollars in the first 11 months, double the year-earlier pace. Also AOL and AOL subsidiary Compuserve agreed to improve cancellation handling after FTC allegations of unfair billing, with rebates promised but no fines.
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U.S. Treasury
John Snow
Washington
U.S
Snow
International Monetary Fund
World Bank
United States
Treasury Department
America Online Inc
Federal Trade Commission
AOL
CompuServe Interactive Services Inc
FTC
Former Tyco Leaders Win Court Argument In Lawsuit
Tyco former CEO Dennis Kozlowski and former CFO Mark Swartz win the right to argue that allegedly stolen funds were loans and bonuses approved by the board and disclosed to auditors. State Supreme Court Justice Michael Obus rejected prosecutors’ bid to deny criminal intent. Both executives pleaded innocent to grand larceny charges over more than $600 million.
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Tyco International
Dennis Kozlowski
Mark Swartz
Kozlowski
Swartz
State Supreme Court
Michael Obus
Tyco
Verizon lowers outlook on 2003 earnings forecast
Verizon Communications Inc. cut its 2003 earnings forecast citing weakness in core residential phone service due to competition from cell phones and cable Internet. The company now projects earnings of $2.56 to $2.60 per share, down from $2.70 to $2.80.
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Verizon Communications Inc
Feist to deliver Lawrence Olathe telephone directory
Feist Publications of Wichita plans a new telephone directory for Lawrence and Olathe and 48 additional towns. The book will be Feist’s 11th directory in Kansas, delivering to about 175,000 homes and businesses. It expands Lawrence’s options beside Yellow Book USA and SBC Yellow Pages.
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Feist
Feist Publications
Lawrence
Olathe
Roger Carvalho
Topeka
Kansas City
Carvalho
Yellow Book USA
McLeodusa
SBC
Yellow Pages
Woodward
Barber turns lemonade into multi state beverage empire
Kansas City barber James Anderson built James Lemonade into a nine state venture selling four flavors lemon ade fruit punch grape and mango from a side business to a full scale operation. Bottled in Louisburg the drinks earned distribution through Belfonte since 2000 with plans to reach churches for communion and online sales.
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Kansas City
Kan
James Anderson
Anderson
James
St. Louis
Rod Bailey
Belfonte
Louisburg
Arizona
California
Georgia
Iowa
Kansas
Missouri
Nebraska
Oklahoma
Texas
Sheila Perkins
Union urges help to save KCI overhaul base
Labor union appeals to public to email and fax American Airlines chief executive Gerard Arpey urging keeps all three overhaul bases open at Fort Worth Tulsa and Kansas City. Tulsa is largest with 8300 workers and KC employs about 2100 maintaining jetliners. Officials tout incentives over 200 million and political backing to keep KC base operating.
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Kansas City, Mo
American Airlines
Kansas City International Airport
Transport Workers Union
American
Gerard Arpey
Fort Worth
Texas
Tulsa
Okla
Kansas City
Missouri
Kay Barnes
Bill Skaggs
Kit Bond
R-Mo
Bond
Senate Appropriations Committee
Tulsa County
Ohlo
OPEC seeks to mend rift with Venezuela over Iraq talks
In Vienna OPEC members try to resolve a clash as Venezuela objects to Iraq's formal participation Iraqi oil minister Bahr al Uloum argues for full voting status while Rafael Ramirez says Iraq may attend informally The standoff marks a test of Iraq's standing in the group after Saddam Hussein's topple with the interim government gaining recognition.
MENTIONED IN THIS ARTICLE
Vienna
Austria
OPEC
Venezuela
Iraq
U.N
Rafael Ramirez
Ibrahim Bahr al-Uloum
Saddam Hussein
U.S
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K.C
James’ Place
James’ Grill
Union
KCI
Gordon Clark
Transport Workers Union Local 530
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