Target Corporation presented a gift of $55,000 Sept. 30 to Kelley School of Business Dean Dan Dalton to support the Center for Education and Research in Retailing, undergraduate scholarships, MBA Fellowships and the Minorities in Business Program. Ha-Keem Abdel-Khaliq, College Relations representative at Target presented the gift at a reception held in the Graduate and Executive Education Center.\nThe Department of Apparel Merchandising and the College of Arts and Sciences Career Center will also receive support from the grant.
SH: Cellular providers begin service in Iraq\nBAGHDAD, Iraq -- Iraq's reconstruction efforts got a boost Monday with the awarding of licenses for wireless phone networks that are expected to begin operating within weeks in a country the cellular revolution bypassed.\nThe licenses were awarded to three Middle Eastern companies that have investors in Iraq and elsewhere in the region. Each winning bidder is putting up a refundable $30 million bond for the license, which is to last two years. Collectively, they will also pay $9 million to fund a wireless regulatory agency.\nThe mobile system will especially help in Baghdad, where 12 landline telephone exchanges were knocked out during the U.S.-led invasion last spring.
\nSH: Former Tyco executives to make opening arguments
NEW YORK -- Prosecutors and defense lawyers are expected to shape their cases in opening arguments Tuesday in the trial of L. Dennis Kozlowski, the former Tyco International CEO, and Mark Swartz, the company's ex-CFO.\nThe two face larceny charges for allegedly stealing $600 million of company money and using it for plush housing, elaborate furnishings, opulent parties and personal investments. Both could get up to 30 years in prison if convicted.\nProsecutors say Kozlowski and Swartz stole $170 million by claiming unauthorized compensation and made another $430 million on their Tyco shares by lying about the conglomerate's financial condition from 1995 into 2002. The pair are expected to argue that the millions they are accused of stealing were actually loans and bonuses approved by the board and disclosed to outside auditors.
