VOL. 117 | NO. 52 | Friday, March 14, 2003
AutoZone inks deal
AutoZone inks deal
as All-Star sponsor
AutoZone has agreed to a deal with the Memphis Redbirds that
names the Memphis-based company as the title sponsor of the 2003 Triple-A
All-Star Game at AutoZone Park, July 16.
The game, to be televised on ESPN2, is the fourth signature
event the Redbirds have hosted at AutoZone Park since its opening in 2000,
including exhibition games with the St. Louis Cardinals in 2000 and 2002 and
the Centennial Game minor league baseball's 100th anniversary celebration
to examine Iraq issues
In light of current global tensions involving Iraq, the
United States and its allies, and the United Nations, WKNO will broadcast a
three-hour event dedicated to addressing issues surrounding the conflict at 7
Regular programming will be preempted for a Frontline
Special Report The Long Road to War. This two-hour program will be followed
at 9 p.m. by a Now with Bill Moyers Special Edition.
Corporate spelling bee
to keep Belle buzzing
The 12th annual Corporate Spelling Bee convenes with dinner
at 6 p.m. April 10 at the Coors Belle, 5151 E. Raines Road.
Each year, the Bee brings large and small Mid-South
companies together to invest in the community by supporting literacy. More than
$100,000 has been raised for the Memphis Literacy Council.
The entry fee is $750 per team. Teams consist of three members with one person designated as
Tickets to attend the event are $15 each or $100 for a table
For information, contact Sara Voye at Memphis Literacy
Council, 327-6000, Ext. 1007, or Mary Lou Brown at the Commercial Appeal,
U.S. regulators are on the verge of taking legal action
against Schering-Plough and its chief executive officer for allegedly violating
financial disclosure rules intended to protect investors, sources close to the
situation said Thursday.
The U.S. drugmaker said it received notice of the Securities
and Exchange Commission's preliminary decision to file a civil lawsuit. In
October, the SEC launched an investigation into a series of share price falls
and meetings between investors and CEO Richard Jay Kogan, which were followed
by a profit warning in late September. The investigation has looked into
potential disclosure of material financial information by the group before they
were made public.
Schering-Plough will have an opportunity to answer the
claims before final action is taken.
in the bag
Jackson, Tenn.-based Kirkland's Inc. reported financial
results for the 13-week and 52-week periods ended Feb. 1.
Net sales for the year increased 11.2 percent to $341.5
million from $307.2 million in the prior year. Comparable store sales for
fiscal 2002 increased 8.4 percent. Comparable store sales increased 13.3
percent for fiscal 2001.
Net sales for the fourth quarter increased 4 percent to
$125.7 million from $120.8 million for the fourth quarter ended Feb. 2, 2002.
Comparable store sales for the fourth quarter 2002 decreased 1 percent.
Comparable store sales increased 13.9 percent for the fourth quarter 2001.
Net income for the fourth quarter increased to $13.9
million, or 71 cents per diluted share, from pro forma income of $13.8 million,
or 71 cents per diluted share, for the prior-year period.