Sprint investors rally after ruling in FON overvaluation case
Unhappy investors contended FON was overvalued and hailed the ruling as a major victory for Sprint shareholders. Carlson Capital LP lead plaintiff Jay Eisenhofer said the decision enables a trial, while Sprint spokesman Scott Stoffel called the ruling a move forward and pledged to prove the claims unfounded.
MENTIONED IN THIS ARTICLE
Sprint
Jay Eisenhofer
Carlson Capital LP
Scott Stoffel
Stoffel
Bush pushes 5 percent cut to farm subsidies
President Bush urged a uniform five percent reduction in all farm payments in a Detroit Speech, claiming savings of about 1.2 billion dollars over ten years. Southern growers face higher costs, while critics say cuts should hit all subsidies evenly and close loopholes. Grassley and Chambliss support limits amid regional pushback. Rural groups warn big farming would expand as small farms struggle. Environmentalists cite market distortions from ongoing subsidies.
MENTIONED IN THIS ARTICLE
Bush
Detroit Economic Club
Burney
Senate Appropriations Committee
Thad Cochran
Miss
Senate Agriculture Committee
Saxby Chambliss
Cochran
House
Senate
White House
Charles Grassley
Alowa
Ken Cook
Environmental Defense
Agriculture Department
Iran nuclear tensions push for UN referral
Condoleezza Rice says U S pressure on Iran rises as EU talks continue. She urges Tehran to accept Security Council referral and possible sanctions while Europe seeks a negotiated outcome. France Britain and Germany coordinate but keep U S distance as diplomacy proceeds.
MENTIONED IN THIS ARTICLE
Irax
Belgium
U.S
Iran
U.N. Security Council
Security Council
Britain
France
Germany
Tehran
United States
Snowy roads cause injuries and bus collision in Kansas towns
Snow conditions shut roads near Ottawa and Wellsville as a driver refused treatment after a minor crash at the 200 marker and an SUV rear-ended a school bus near First Street and K-33. The SUV driver was taken by ambulance to Ransom Memorial Hospital. Firefighters fought a Delaware Road house fire southeast of Williamsburg with difficult access.
MENTIONED IN THIS ARTICLE
Ransom Memorial Hospital
Ottawa
Wellsville
First Street
Keith Churchill
Ransom
Delaware Road
Williamsburg
Road conditions improve in Ottawa after heavy snow
Kansas 511 access through 611 and 866-31-KOOT advised for road updates as Ottawa crews cleared packed frozen streets. Fire began in a garage threatening a residence with late Tuesday reports noting crews worked long hours and conditions eased today. Franklin County and city officials urged caution despite plowed routes outside city limits having been treated twice.
MENTIONED IN THIS ARTICLE
Kansas Department of Transportation
Kansas
Andy Haney
City Public Works
Ottawa
Haney
Franklin County Public Works
Jim Haag
Raritans seek free township hall use again
The Raritans urge continued rent free use of the township hall for meetings and March gatherings. They note past refurbishments and help in establishing Lane's recreation committee and warn of a community loss if access ends. A petition with over 70 signatures supports renewal. The council will also discuss township fire department issues.
MENTIONED IN THIS ARTICLE
Kimball
Lane
Chester
Reinier
Budget cuts threaten Ottawa economic aid and housing programs
Local officials warn that proposed reductions to community development block grants could devastate Ottawa's economy. City leaders note incentives for rehabbing homes and codes upgrades rely on these funds, which are already hard to secure as the Bush plan shifts program funding to the Commerce Department.
MENTIONED IN THIS ARTICLE
Ottawa
Jackson
Weldon Padgett
Padgett
Reagan
Congress
White House
Bush
Housing and Urban Development
Ment
Commerce Department
Commerce
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