Financial Times: OPEC Quota ‘Should Remain Unchanged’. A key OPEC committee recommended that the oil cartel keep its output quotas unchanged but call on members to rein in over production.
I’ve posted contracts from Arabian American Development Co., including some Saudi oil contracts.
Bloomberg.com: Gillette’s Kilts Expects More Consumer-Product Industry Mergers. Gillette Co. Chief Executive Officer Jim Kilts expects more acquisitions among consumer-products companies in the wake of Procter & Gamble Co.’s $52.4 billion planned purchase of the razor- and battery-maker.
I’ve posted the Procter & Gamble / Gillette Merger Agreement. You can also review other Gillette contracts, including Jim Kilts’ Employment Agreements.
Yahoo!/AP: Krispy Kreme Board Ousts Top Executive. Krispy Kreme Doughnuts Inc. board of directors ousted its top executive on Tuesday and replaced him with a turnaround specialist it hopes can save another company beset by allegations of corporate deceit.
“Ousts” is a pretty harsh term, especially if you read the Consulting Agreement between Krispy Kreme Doughnuts and Scott Livengood, dated January 18, 2005. According to the agreement, Mr. Livengood “retired” from Krispy Kreme Doughnuts and will now serve a renewable six-month term as a consultant for…$45,833.34 per month.
The Oregonian: Movie Gallery May Rival No. 1 Chain. With a deal to buy Hollywood Entertainment Corp., an Alabama-based video rental company that has spent the past 10 years gobbling up largely rural mom-and-pop chains has positioned itself to rival No. 1 player Blockbuster Inc.
I just posted Hollywood Entertainment contracts, Blockbuster contracts, and Movie Gallery contracts on the web site. This includes the recent merger agreement between Movie Gallery and Hollywood Entertainment. You can also find Netflix contracts here too.
Boston.com: Krispy Kreme leaves a Hole in Her Heart. After all the hullabaloo in the last couple of years about its expanding nationwide, the North Carolina-based doughnut chain’s sales and stock price have gone stale. Late last year, the company reported a $3 million quarterly loss. More ominous still, management is under investigation by the Securities and Exchange Commission over its financial reporting, and shareholders have filed suit in federal court alleging the company cooked the books to show healthy profits, even though it knew sales were crashing. Yesterday, the company announced it would lower reported profits for the last three quarters of the year ending February 2004.
Looks like more than just major league baseball players were using the Kreme to juice their numbers. Will MLB be restating their inflated statistics for the past few years? Not unless there’s a Sarbanes-Oxley Act for Sports. In the mean time, you can feast your eyes on Krispy Kreme contracts.