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Archive for Friday, January 18, 2002

Briefcase

January 18, 2002

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Walk-in payments on way out at KPS

Kansas Public Service will stop taking walk-in payments beginning March 15 at its Lawrence office, 110 E. Ninth St., the company announced Thursday.

For a complete story about the decision, and information about new payment options for natural-gas bills, please see the Business section of Saturday's Journal-World.

Economy

Housing construction posts gain for year

Construction of new homes and apartments fell 3.4 percent in December, but the total housing activity for the year managed a solid 2.2 percent increase. Economists called it remarkable for an industry that normally is one of the hardest hit during a recession.

The Commerce Department said Thursday that construction was started on 1.57 million single-family homes and apartments last month. That was 3.4 percent below the November level, which had risen a sharp 7 percent.

Bankruptcy court

Motion to cancel Payless stock filed

The trustee overseeing the dismantling of bankrupt Payless Cashways Inc. has filed a motion seeking the cancellation of Payless' stock.

The motion, if approved, also will cancel the 101,651 shares held by UMB, which were set aside for distribution in Payless' first Chapter 11 bankruptcy in 1997.

The bankruptcy court may rule on the request at a hearing scheduled for Tuesday.

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