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Newspaper
Garden City Telegram
Location
Garden City, Kansas, United States of America
Date
Jan 02, 2001
Page
1
The Dow Jones average stood at 10 712.80 at 11am, down 74.01 from this morning's opening. Weather forecast calls for tonight being partly cloudy and not as cold with teens to lower 20s in various regions and a warming trend into Wednesday.
The Telegram provides local news and sports coverage on its website, offering editorials and regional updates for readers seeking online access.
Tyson Foods Inc agreed to acquire IBP Inc for 3.2 billion dollars in cash and stock, edging Smithfield Foods in a bid battle. The move would triple Tyson's annual sales to about 24 billion and create the leading poultry beef and pork producer in the United States. The deal, pending regulatory and shareholder approval, values IBP at 30 dollars per IBP share and includes assuming 1.5 billion dollars of IBP debt. IBP employs about 50,000 people and operates in 18 states and 15 countries with exports to 73 nations.
Weather experts in Dodge City say recurring snow cover could insulate wheat and reduce winterkill risks. Above normal precipitation is forecast this winter, aiding soil protection and erosion control in southwest Kansas, where dry Septembers last year hindered planting. Merle Witt notes snow helps guard against harsh cold and wind.
Ana Gutierrez delivered the hospital's first baby of 2001 at St. Catherine Hospital after arriving in labor just after midnight. The 6 pound 13.4 ounce boy, 20 inches long with dark hair, was announced with Brahms lullaby and was the couple's first child, with a name still under consideration.
ConAgra Beef Co cancels the Garden City job fair set for Wednesday through Friday after a call from a ConAgra representative. Garden City Job Service Manager Alan Riedel said discussions with ConAgra followed the cancellation. City and county agencies offered support, with interpreters possible, as officials planned continued cooperation.
ConAgra officials say many Garden City employees may relocate to out of area plants in Dumas Texas Grand Island Nebraska Greeley Colorado and Hyrum Utah as the Garden City facility winds down. Company spokesman Bret Fox confirms operations will offset the loss and notes 12000 pounds of beef were donated to the Salvation Army.
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