Houston Business Journal articles from December 2001

Houston Business Journal archives from December 2001

Enron's collapse: The last chapter: Bankruptcy leaves workers out in cold, investors in the dark.(Statistical Data Included)
December 7, 2001... Confusion and concern reigned as Enron Corp. Enron filed for Chapter 11 bankruptcy and began laying off an estimated 4,000 employees in Houston this week. The total collapse of Houston's largest corporation set off a rapid-fire series of...

Shortage of researchers unites schools.(Brief Article)
December 7, 2001... Six area institutions have joined forces in a new initiative to deal with a national shortage of researchers. The Gulf Coast Consortia (GCC) is being funded in part by a $3.5 million grant from the W.M. Keck Foundation of Los Angeles. ...

Baseball bricks up to bat again. (Citybeat).(Brief Article)
December 7, 2001... The Houston Astros are giving sports buffs a chance to make their mark in baseball history, and pump a little revenue into the team at the same time. The Astros are resurrecting their commemorative brick program, which allows fans to...

Ups & Downs.(includes, Lee Brown defeats Orlando Sanchez in Houston mayoral race)(Brief Article)(Statistical Data Included)
December 7, 2001... * For many Houston City Hall watchers and citizens alike, the best thing about this year's mayoral race and is that it's finally over. Last week's runoff election did bring voters out to voice their choice for mayor--313,365 people turned out...

Future fibre technologies. (Energy notes).
December 7, 2001... A little-known Melbourne, Australia, fiber-optic security company. has been getting calls from all over the world since the terrorist attacks in New York in September. But Future Fibre Technologies has particularly been getting calls from...

Anadarko petroleum corp. (Energy notes).
December 7, 2001... Houston companies Anadarko Petroleum Corp. and El Paso Energy Partners have launched what they term an innovative arrangement to jointly develop Anadarko's first deepwater development project, located about 150 miles offshore Louisiana in the...

Health care players still seek good medicine.(Texas Managed Care Review 2001 results)(Industry Overview)(Statistical Data Included)(Polling Data)
December 7, 2001... The Texas Managed Care Review 2001 delivers more bad news concerning the Houston health care industry, and experts don't see a cure in sight. The study found that physicians, hospitals and health plans are straining the system by...

Continental shares take off in $172 million offering.(Continental Airlines Inc. completes public offering)(Brief Article)(Statistical Data Included)
December 7, 2001... Following the path of its jets, shares of Continental Airlines Inc. are no. longer grounded. The stock has regained enough investor confidence to raise about $172 million in a public offering completed this week. Houston-based Continental...

Med center spawns new gene team.(Texas Medical Center to launch genetics research program)(Brief Article)
December 7, 2001... Texas Medical Center leaders unveiled a collaborative genetics project this week that will aid in the treatment of cardiovascular disease, cancer and stroke. The Texas Medical Center Genetics project, which founders have dubbed TexGen,...

Swift energy to acquire New Zealand reserves, production facilities. (The week in review: November 29-December 5, 2001).
December 7, 2001... Swift Energy Co. announced on Dec. 3 that its New Zealand unit is acquiring Southern Petroleum Exploration Ltd. in a $55 million deal. Swift New Zealand Ltd. inked the deal with an affiliate of Shell New Zealand in a move that adds proved...

Houston exploration inks $69M deal for conoco properties. (The week in review: November 29-December 5, 2001).(Brief Article)
December 7, 2001... The Houston Exploration Co. has signed an agreement to acquire onshore producing properties from Houston-based Conoco Inc. for $69 million in cash. The producing and undeveloped properties total approximately 28,000 gross acres located in Webb...

Enbridge closes $230M deal to acquire natural gas assets. (The week in review: November 29-December 5, 2001).(Enbridge Energy Partners L.P.)(Brief Article)
December 7, 2001... Enbridge Energy Partners L.P. has closed its purchase of natural gas gathering, treating, processing and transmission assets in East Texas for $230 million in cash. The Houston-based oil pipeline partnership said the deal marks its entry into...

U.S. economy shrinks 1.1 percent in third quarter. (The week in review: November 29-December 5, 2001).(Brief Article)(Statistical Data Included)
December 7, 2001... The U.S. economy shrank at annual rate of 1.1 percent during the third quarter, the steepest decline in more than a decade, the Commerce Department reported on Nov. 30. The revised reading on Gross Domestic Product -- the total output of goods...

Pioneer moves closer to emerging from bankruptcy. (The week in review: November 29-December 5, 2001).(Pioneer Companies Inc. )(Brief Article)
December 7, 2001... Pioneer Companies Inc. said it expects to emerge from bankruptcy by the end of the year after its plan of reorganization won approval on Nov. 28. The United States Bankruptcy Court, Southern District of Texas-Houston Division confirmed the...

Compaq lands deal with American express. (The week in review: November 29-December 5, 2001).(Compaq Computer Corp. wins American Express Co. contract)(Brief Article)
December 7, 2001... Houston-based Compaq Computer Corp. on Nov. 29 said it signed a five-year, multimillion-dollar contract with American Express Co. to provide computers and services. Specific details of the agreement were not disclosed. The deal calls for Compaq...

Savvy fourth-grader wins island name game. (Citybeat).(Ally Levy christens Evia Island)(Brief Article)
December 7, 2001... Nine-year-old Ally Levy knows her history. The fourth-grader at Silverlake Elementary School in Pearland won a contest to christen the newest island in Galveston Bay. Little Levy pitched the winning name - Evia Island - after Jose de...

Now, if we only had some mountains. (Citybeat).(Houston, Texas police department purchases bicycles from Bowling Bicycles Inc.)(Brief Article)(Statistical Data Included)
December 7, 2001... The city spent $432,250 on mountain bikes for the Houston Police Department last week. The contract was awarded to Houston-based Bowling Bicycles Inc. The city purchased 494 bikes for $875 each, a deal considering the "Enforcer" model bike...

Projects add artistic touches to hobby. (Citybeat).(Sol LeWitt, Tony Cragg commissioned for artwork for new theater complex in Houston, Texas)
December 7, 2001... Nancy Sarnoff As construction workers rush to put the finishing strokes on the Hobby Center, a group of prominent artists will soon take over to complete the job. American painter and muralist Sol LeWitt and British sculptor Tony...

Dynegy insiders bullish on buying. (Citybeat).(Dynegy Inc. executives make substantial stock purchases)(Brief Article)(Statistical Data Included)
December 7, 2001... Although a deal to swallow rival Enron Corp. has been scrapped, Dynegy Inc. executives are eating their own cooking. Four company insiders recently combined to dish out nearly $1 million for Dynegy shares, according to new Securities and...

News from the food and drink front. (Citybeat).(Stag's Head pub opens in River Oaks, Texas)(Brief Article)
December 7, 2001... The team behind The Ale House has opened a new pub. The Stag's Head, a European-style pub, opened last week at 2128 Portsmouth in Shepherd Plaza, on the edge of downtown and River Oaks. The pub offers and ales from around the world. True to...

Wingstop Restaurants Inc. will open a third location at 12100 Veterans Memorial in the Camden Park shopping center on Dec. 12. (Citybeat).(Houston, Texas)(Brief Article)
December 7, 2001... And the Dallas-based chain won't stop there. Three outlets will open in January and five more by the end of March. The multiple openings come as no surprise. In 2000, the chain doubled its amount of restaurants operations. This year, Wings...

Sunken cyclotron leads to launch of new venture by MetroNational.(MetroNational launches health care centures, MetroNational Healthcare Ventures)(Brief Article)(Statistical Data Included)
December 7, 2001... MetroNational is launching a technology-based health care division to fill a void left by Tropical Storm Allison. The local land owner and real estate developer is establishing MetroNational Healthcare Ventures with an initial $5 million...

Say cheese: Compaq shines spotlight on new military video messaging program.
December 7, 2001... Houston-based Compaq Computer Corp. is giving people a chance to send free video messages to members of the military as a way to show support. The "Give Thanks America" program will allow people to send a two-minute digital video...

Law firm partner, attorneys join competing bankruptcy practice.(Morris & Campbell attorneys leave to join Thompson & Knight)(Brief Article)
December 7, 2001... Eight attorneys from the Houston law firm Morris & Campbell, including founding partner Rhett G. Campbell, this week joined the Houston law office of Thompson & Knight. Seven of the attorneys practice bankruptcy law in the energy sector...

Local coffin-maker completes merger with Pittsburgh firm.(York Group Inc. merges with Matthews International Corp.)(Brief Article)(Statistical Data Included)
December 7, 2001... The York Group Inc., a Houston-based coffin maker, announced on Dec. 3 that it closed its merger deal with Matthews International Corp. York will operate as a wholly owned unit of Matthews, a Pittsburgh-based maker of cremators and...

Congress lowers ax, chops down funding for Hubzone program.(small businesses to lose priority in federal contracting)(Brief Article)(Statistical Data Included)
December 7, 2001... Congress has eliminated funding for the Hubzone program, which gives small businesses in low-income areas preferences for federal contracts. The $2 million Hubzone budget cut was part of an appropriations bill signed Nov. 28 by President...

Reliant beams in to bulk of $115M electric power contract. (Energy beat).(Reliant Energy Solutions wins $115 million power contract from local Texas governments)(Brief Article)(Statistical Data Included)
December 7, 2001... Houston-based Reliant Energy Solutions has snagged 71 percent of a $115 million retail electric power contract to provide electricity to a coalition of 46 local governments and political subdivisions across Texas. The Public Power Pool was...

Enron's collapse may have ripple effect on downtown office market. (Real estate beat).(Enron Corp.; downtown Houston, Texas)(Brief Article)(Statistical Data Included)
December 7, 2001... When Dynegy Inc. announced plans to acquire rival Enron Corp. almost a month ago, downtown real estate watchers cringed at the thought that another large chunk of office space could come online at a time when four new towers are being...

Compaq sees upswing in business, even as HP merger hangs in limbo. (Securities beat).(Compaq Computer Corp., Hewlett-Packard Corp.)(Brief Article)(Statistical Data Included)
December 7, 2001... Business has been good lately at Compaq Computer Corp. So says an influential industry analyst from Lehman Brothers. "We believe Compaq saw a strong October, and now also November," Lehman equity analyst Dan Niles notes in a Dec. 3...

Biotech firms make pitches to investors at annual conference. (Technology beat).(Southwest Bio Venture Conference & Symposium, Houston, Texas)(Brief Article)(Statistical Data Included)
December 7, 2001... Eighteen emerging biotech companies hope a visit to this week's Southwest Bio Venture Conference & Symposium in Houston will be followed by an infusion of some cold, hard cash. And if past events are any indication, event organizers say...

After months of fiscal maneuvers, SBA finally has a budget. (Washington beat).
December 7, 2001... Two months into the fiscal year, the Small Business Administration finally has a budget. An appropriations bill signed Nov. 28 by President George W. Bush provides $768 million for the SBA - $130 million less than last year but $229...

Manufacturers still short of skilled workers. (Washington beat).(National Association of Manufacturers )(Brief Article)
December 7, 2001... Manufacturing has been in a recession for a year, but this battered sector of the economy still faces a skilled worker shortage despite widespread layoffs. Eighty percent of manufacturers surveyed by the National Association of...

New Web site opens gateway to small business regulations. (Washington beat).(www.BusinessLaw.gov)(Brief Article)
December 7, 2001... A new Web site, www.BusinessLaw.gov, offers small-business owners a gateway for finding, understanding and complying with federal, state and local regulations. The Small Business Administration launched the site as part of the Bush...

Fear free selling: How to become absolutely fearless selling anything: Products, services, even yourself! (Toolbox - Books).
December 7, 2001... The book offers more than 50 tools, tips and techniques specifically designed to make selling a fear-free process. The system in author Scott Sindelar's book, Fear Free Selling, teaches how to the change hate and fear of selling into the...

Rubbing it in: Relaxation isn't in the cards for the new owner of Houston Massage Associates, who plans to eventually expand the single-salon operation into a wellness chain.(Guy Hiscock)
December 7, 2001... Guy Hiscock ditched the harried life of a busy London restaurateur a decade ago in favor of running a Houston massage salon promoting wellness. Hiscock purchased Houston Massage Associates from former owner Kathryn Watson in September....

E-Marketing your business. (Seminars).
December 7, 2001... December 12,9 a.m. to Noon University of Houston Small Business Development Center, 2302 Fannin, Suite 200 With the number of Web shoppers increasing every day, businesses can use the Internet to enhance productivity, sales and profits....

The export transaction. (Toolbox - Seminars).
December 7, 2001... December 12, 9 a.m. to 4 p.m. University of Houston Small Business Development Center, 2302 Fannin, Suite 200 Opportunities for exporting have never been greater. Getting a product to its destination has never been more complex....

Build your business through referrals and networking. (Toolbox - Seminars).
December 7, 2001... December 12, 2-4:30 p.m. Cy-Fair Houston Chamber of Commerce, 11050 FM 1960 West In today's economy, small-business owners can use the distinctive edge a referral and networking strategy can bring. Sponsored by the Small Business...

Tunnels kept Houston mobile by relieving traffic congestion. (Houston heritage).(history of tunnels construction)(Brief Article)
December 7, 2001... Moving traffic in Houston has been a problem since the first automobile appeared on city streets. One solution proposed in the 1940s to ease some of that congestion was to build tunnels underneath the Houston Ship Channel. During World War...

Not just child's play: Through their volunteer work with Child Advocates Inc., busy executives Rick Neyrey and Chastiti Horne take time from their hectic schedules to see things through a child's eyes. (Profile).
December 7, 2001... When Rick Neyrey, director of business development at Duke Energy North America, was offered a new position with the company's acquisitions and divestitures group recently, he told his managers he wouldn't take the job unless he could continue...

Workers turn to mentors for career navigation. (Education & Training).
December 7, 2001... Pat Becker had the frontier spirit when he started work as a pipeline engineer 19 years ago. Now that he looks back, he sometimes wishes he had more of a road map. "I had been here two weeks, and they gave me the keys to the company...

Software development company launches mentoring program at prairie view A&M.
December 7, 2001... Cimarron, a software development company, has launched a mentor program that will give students at Prairie View A&M University the opportunity to be trained and, perform software engineering work on a major contract for NASA -- the Consolidated...

New legislation adds opportunities to save more money for education. (Financial planning).
December 7, 2001... Those who put a portion of their paychecks into individual retirement accounts have additional opportunities to save enough for their children's education. Expanded choices will be available in the year 2002 to help pay tuition and other...

Section 529 college savings plans boost employee benefits packages. (Financial planning).(Brief Article)
December 7, 2001... An emerging trend in employee benefits is company-sponsored Section 529 college savings plans. A college savings plan enables, employees to save for their children's educations on a tax-advantaged basis. Installing a college savings plan can...

Provide employees a foundation to get best value from training. (Time management).(techniques for organizing your desk)(Brief Article)(Column)
December 7, 2001... Business leaders are fond of saying that people are the company's most valuable asset. They invest heavily in these assets, judging by the record amounts invested in training and development. According to the latest figures from the...

'Lessons from leadership failures' offers advice to company managers. (Career development).(book by consultant Denis Orme)(Brief Article)
December 7, 2001... Those who have responsibility for leading a business or operating unit that is not functioning well or who are interested in moving ahead in their career may get valuable advice in "Lessons from Leadership Failures," by Houston-based business...

Largest Houston-area private schools (*): (Ranked by number of students enrolled).(Directory)(Illustration)(Statistical Data Included)
December 7, 2001... Largest houston-area private schools (*) (Ranked by Number of Students Enrolled) Name of School Number Tuition Per Last Address of Academic Year/ Year's...

People on the move.(employee changes, various companies)(Brief Article)
December 7, 2001... ARCHITECTURE & DESIGN Turner & Bair Architects LLP has added three new staff members: Kathryn B. Hoelter, as a project manager/designer, Lisa Guedry as financial administrator, and Vickie Reeve as office administrator. AWARDS & GRANTS...

RISC Inc. (Awards & Grants).(award for Virtual Training Assistant Learning Management System)(Brief Article)
December 7, 2001... RISC Inc. of Houston, specializing in Learning Management software, has announced that its Virtual Training Assistant Learning Management System software has received the Gold Excellence in e-Learning Award for Customer Satisfaction from...

University of Houston. (Awards & Grants).(federal grant for Blaffer Gallery)(Brief Article)
December 7, 2001... Blaffer Gallery, the art museum of the University of Houston, has announced the receipt of a $112,500 grant from the federal Institute of Museum and Library Services. The funds received will support an expansion of the number of exhibitions and...

Standard Steel Supply Inc. (Awards & Grants).(award from Association of Chemical Industry of Texas)(Brief Article)
December 7, 2001... Standard Steel Supply Inc. of Texas City has been named Supplier of the Year, Division II, for the Houston Ship Channel region by the Association of Chemical Industry of Texas.

Business Marketing Association. (Awards & Grants).(award to Pannell Kerr Forster of Texas P.C.)(Brief Article)
December 7, 2001... The Houston Chapter of the Business Marketing Association has recently recognized Pannell Kerr Forster of Texas P.C. of Houston with a Lantern Award for the firm's efforts in developing a total communications program (under $200,000) in support...

Reliant Park. (Business notes).(and MetroNational contract with Dancie Perugini Ware Public Relations)(Brief Article)
December 7, 2001... Reliant Park and MetroNational have both selected Dancie Perugini Ware Public. Relations to manage their public relations efforts.

Calendar meetings.
December 7, 2001... American Business Women's Association -- Woodlands Charter Chapter. DATE(S): Dec. 10. LOCATION: Woodlands Executive Conference Center Country Club Ballroom. CONTACT: Kathryn Saenger, (281) 298-6298. Commercial Real...

Southwest Commercial Building Services Inc. (Contracts).(garage renovations)(Brief Article)
December 7, 2001... Southwest Commercial Building Services Inc. of Houston has been awarded a $214,643 contract to provide garage renovations and maintenance services at 909 Frostwood. The general contractor for the project is Tellepsen Corp., and it is expected...

Earnings.(iDial Networks Inc., Stewart and Stevenson Services Inc.)(Brief Article)(Illustration)(Statistical Data Included)
December 7, 2001... Earnings iDIAL NETWORKS INC. 3rd Qtr. ended Sept.30 2001 2000 revenue in 1,000s 1,733 135 net income (loss) in 1,000s (101) (3,430) per share - -...

Chargeback alert. (Quick tips).
December 7, 2001... Disputes with customers can result in their calling the credit card company to suspend payment for your bill. Check how much chargeback fees will cost.

Other fees. (Quick tips).
December 7, 2001... There are a number of other fees involved with a credit card merchant account. Get a complete list before signing up.

ACH payment. (Quick tips).
December 7, 2001... Some providers also let you transfer funds from your customer's bank account to yours.

Brockovich recycles old ExxonMobil oil. (Editorial).(Brief Article)(Editorial)
December 7, 2001... Looks like ExxonMobil is about to become the newest business victim of cash-hungry personal-injury attorneys. The alleged cause, if you can believe it: the Exxon Valdez oil spill, which occurred in 1989. In this latest lawyers' version of...

Presidential recount too little, too late. (Editorial).(Brief Article)(Editorial)
December 7, 2001... There used to be a running joke on "Saturday Night Live" that Spain's president, Francisco Franco, was still dead. The running joke in Florida now seems to be that George W. Bush was still elected president. We have our friends in the...

Seem like old times in Houston? Not hardly. (Bull market).(impact of Enron collapse on Houston)(Brief Article)
December 7, 2001... The calls from national media have been coming hot and heavy for the past few days. In voices oozing with ersatz empathy they want to know how poor old Houston is going to weather this Enron storm. I resist the temptation to reply:...

Corporate security can never be 'normal' again. (Guest commentary).
December 7, 2001... One of the recurring questions coming out of the tragic events of Sept. 11 is, "When will we get back to normal?" The answer across the board has become fairly fundamental but is worth repeating: Probably never, unless dramatic changes are...

2001 Public & Private school guide. (School).(Brief Article)(Directory)
December 7, 2001... RIVER OAKS BAPTIST SCHOOL At River Oaks Baptist School, we stress the importance of a well-rounded education-one that embraces the academic, spiritual, physical and social-emotional elements-of life. From our inception in 1955, River Oaks...

AIM management group inc. (Awards & Grants).(Web site awarded)(Brief Article)
December 7, 2001... AIM Management Group Inc.'s Web site has been ranked No. 1 in content and among the top 10 overall for financial professionals by kasina

Business hits bumps in city road: Master-planned project carves out controversial path in downtown area.
December 14, 2001... The Dailing family business has operated in downtown Houston since 1947. But things changed drastically for the family's Surveyors Instrument Co. Inc. this year. "I've worked in downtown Houston my whole life," says Rose Dailing, who...

Field of Dream: Olajuwon buys ranchland.
December 14, 2001... Hakeem Olajuwon may not be setting any new records on the Houston basketball court, but the Rocket-turned-Raptor continues to score in the local real estate market. Olajuwon has purchased 1,500 acres of land in Brookshire, just a few miles...

Clemens cow on auction mound for mucho moo-lah. (City Beat).
December 14, 2001... If you're not cowed by high-dollar gifts, here's an udderly frivolous idea: Roger Clemens has sponsored a life-size Fiberglass cow in an Amazon.com auction. It's one of those ubiquitous CowParade Houston sculptures that have stampeded the...

Have yourself a merry Dickens Christmas. (City Beat).
December 14, 2001... Prepare for the "olde" to meet the new this holiday season in downtown Houston. An inaugural event called Dickens Downtown is bringing characters from Galveston's annual Dickens on the Strand to stroll among the hip and happening patrons...

Opera repays employees as fat lady sings at Enron. (City Beat).
December 14, 2001... Houston Grand Opera wants to compensate laid off Enron Corp. employees who have been loyal supporters of the opera. HGO is offering free renewal for next season's subscription package to all current subscribers who were cashiered out of the...

Calling all city and county cars. (City Beat).
December 14, 2001... Law enforcement officials with the City of Houston and Harris County now have the ability communicate with each other via a new radio network that was put in place last week. City Councilman Bruce Tatro spearheaded the effort to provide a...

The meter is running: Deposit $478, please. (City Beat).
December 14, 2001... Houston City Council has approved $500,000 for high-tech parking meters, proving once again that there are always new and improved ways to spend public money. The city purchased 1,050 computerized parking meters for the Municipal Courts...

Robotic surgeon on call at St. Luke's. (City Beat).
December 14, 2001... St. Luke's Episcopal Hospital is the first facility in Houston to use the da Vinci Intuitive Surgical Robot. The robot is being used for two gynecological procedures and prostate cancer surgery. Hospital officials say robotic surgery is...

Civic award goes to Christus St. Joseph. (City Beat).
December 14, 2001... Following in the footsteps of FoIey's, Shell Oil Co., Mayor Bob Lanier and the Houston Endowment, Christus St. Joseph Hospital has received Central Houston Inc.'s Allen Award for Civic Enhancement at the group's recent annual meeting. "In...

News from the food and drink front. (City Beat).
December 14, 2001... When the going gets tough, the tough evidently crave sweets. A study conducted by the National Quality Research Center at the University of Michigan shows that consumers devour more comfort food such as sweets during a time of economic...

Legal eruption centers on Enron bankruptcy. (2nd Front).
December 14, 2001... The bankruptcy of Enron Corp. is creating, in the words of Houston attorneys, a "gusher" of litigation work and a "field day" for lawyers. In fact, local legal consultant William Cobb quips that "there may not be enough lawyers in Houston...

Single again? Compaq braces for possible merger collapse. (2nd Front).
December 14, 2001... As a top high-tech stock analyst puts it, Hewlett-Packard Co.s plan to acquire rival Compaq Computer Corp. appears to be "on life support." Odds have tilted against completion of the megamerger. A potentially fatal blow was dealt on...

Rising above: City moves fast to repair Lake Livingston dam. (2nd Front).
December 14, 2001... City officials put down a $6.5 million security deposit on Houston's water supply earlier this month. Springing from city coffers, the cash will go toward repairing dam damages at Lake Livingston, located about 100 miles north of Houston....

OfficeTeam. (Ups & Downs).
December 14, 2001... Dreading your office holiday party? Well, you're not alone. Over the past 10 years, the annual office party has lost favor among employees, according to 64 percent of executives polled by national staffing firm OfficeTeam, based in Menlo Park,...

The National Thoroughbred Racing Association. (Ups & Downs).
December 14, 2001... The National Thoroughbred Racing Association has selected Sam Houston Race Park to host the inaugural NTRA Great State Challenge in December 2002. Thoroughbred champions from eight states will compete in six races with purses totaling $1.5...

Texas Natural Resource Conservation Commission. (Ups & Downs).
December 14, 2001... For the first time in Texas history, the Texas Natural Resource Conservation Commission will allow citizen-collected information to be developed as evidence of environmental violations. The program, initiated as part of legislation that...

Imperial Sugar inks $28m deal to sell King Packaging. (The Week In Review: December 6-12, 2001).
December 14, 2001... Imperial Sugar Co. is selling its King Packaging Co. Inc. unit to a subsidiary of Tyco International Inc. in a $28 million deal. Sugar Land-based Imperial, a refined sugar processor and marketer, plans to use $24.5 million of the net...

Sysco hungry for acquisitions. (The Week In Review: December 6-12, 2001).
December 14, 2001... Houston-based Sysco Corp., the largest food service marketing and distribution company in North America has just gotten bigger. The giant recently bought SERCA, the only national foodservice operation in Canada, which is part of Sobeys...

KCS secures credit line. (The Week In Review: December 6-12, 2001).
December 14, 2001... KCS Energy Inc., a Houston-based independent oil and gas company, announced on Dec. 7 it has a new $100 million secured revolving credit facility from CIBC World Markets Corp. and Guaranty Bank. The facility, which has an initial borrowing...