The Wichita-based airplane manufacturer has gone through a number of major changes recently, including adding CEO Larry Lawson in March. Lawson warned investors in May that the company would do a "comprehensive evaluation" of the development programs in Tulsa, Okla., Wichita, Kan., Kinston, N.C., and St. Nazaire, France.
Cero's Candies has moved to a new location at 3429 E. Douglas.
Wednesday's ribbon-cutting ceremony began with a proclamation read by Mayor Carl Brewer that explained the history of Cero's Candies and its ties to Wichita. He then declared August 2013 Cero's Candies Month and encouraged the dozens of people in attendance to support local businesses like Cero's.
After a few words, everybody rushed inside to get a new look at the place.
"I didn't expect this many people to show up," said Pam Bishop, co-owner.
Discount retailer Alco Stores Inc. has entered into an agreement to merge with private investment firm Argonne Capital Group LLC.
The Kansas-based company said in a news release today that Atlanta-based Argonne will buy all outstanding shares of Alco Stores' common stock for $14 per share in cash. The transaction will total about $47 million dollars.
Alco's Board of Directors has unanimously approved the merger agreement and is recommending that shareholders approve it.
The company said in a news release Thursday that this is a "strategic move to make the company more competitive in a cost-sensitive environment." It says the reductions are designed to "reduce overhead costs, increase efficiency, and drive improved performance."