McDonald’s reopens after renovation

McDonald’s, 1309 W. Sixth St., reopened its doors Friday after being closed for more than a month for a renovation project.

The restaurant now features two drive-thru lanes and an outdoor patio. It also has extended the hours it serves breakfast until 11:30 a.m.

To celebrate the reopening, festivities are scheduled from about 10:30 a.m. until 1:30 p.m. today. There will be free cake, cookies and other giveaways. Ronald McDonald will make an appearance at noon.

The restaurant is owned and operated by Tom and Marilyn Dobski, Lawrence.

Energy

ONEOK completes asset purchase

ONEOK Inc. on Friday successfully completed the purchase of natural gas liquids businesses owned by several units of Koch Industries Inc. for approximately $1.35 billion.

“The acquisition is consistent with our growth strategy and is a perfect fit with our existing businesses,” said David Kyle, ONEOK chairman, president and chief executive officer. “It adds a new segment to our operations, giving us the ability to create additional value.”

Overall, the transaction is expected to generate about $135 million to $145 million in primarily fee-based earnings before interest, taxes, depreciation and amortization in 2006, when the benefits of renegotiated contracts and additional contracted volumes are fully realized, according to Tulsa-based ONEOK.

The McDonald's at 1309 W. Sixth St. reopened its doors Friday after being closed for more than a month for a renovation project.

Computers

Microsoft, IBM settle claims from ’90s case

IBM Corp. will get $775 million in cash and $75 million worth of software from Microsoft Corp. to settle claims still lingering from the federal government’s antitrust case against Microsoft in the 1990s, the companies announced Friday.

The payout is one of the largest that Microsoft has made to settle an antitrust-related case. And it brings the software giant closer to moving on from claims involving technologies long since eclipsed.