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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Apr 02, 2002
Page
4
Hewlett-Packard Co. bids farewell to Walter Hewlett as a board candidate after citing an ongoing adversarial relationship and concerns about candor and trust. Hewlett, eldest son of a co founder, spearheaded opposition to HPs Compaq buyout.
Ontario based StressCrete announced plans to construct a 30,000 to 40,000 square foot manufacturing complex in an Atchison industrial park. The plant will produce reinforced concrete poles ornamental and historic lighting standards and sports lighting poles. Construction to start this fall with completion in about two years, depending on regional demand.
Xerox Corp will revise several years of financial statements and pay a 10 million civil penalty under an agreement with securities regulators. The agreement, awaiting SEC approval, would settle investigations since 2000 without Xerox admitting or denying wrongdoing and requires restating 1997 through 2000 results and adjusting 2001 figures.
Aquila Inc. formerly UtiliCorp United leads 14 Kansas and Missouri firms on Fortune 500, rising from 60 to 33 with revenue in 2001. Sprint Corp. sits at 68, Farmland Industries drops to 170, Interstate Bakeries climbs to 451, Yellow Corp. slides to 473 with billions in revenue.
Coca-Cola reportedly develops a vanilla flavored version of its flagship cola expanding beyond Cherry Coke and Diet Coke with lemon. Sample packaging has been prepared for North American release, Beverage Digest reports, while Coke officials declined to comment.
The Mid American Business Conditions survey indicates a recovering economy in nine states, with March hiring restrained as firms expand output by longer hours. Ernie Goss notes higher prices and confidence at multi-year highs, while Arkansas and Iowa show strongest March growth.
Lawrence residents hear that curbside recycling costs can outweigh benefits in the short term, with landfill costs at 19.15 per ton versus bigger cities. Experts say long term savings may come from reduced trash volumes, while curbside programs strive for cost efficiency amid a 29 percent city recycling rate. Local officials and retailers like Wal‑Mart note recycling centers operate at a loss to keep landfills cleaner.
The state economy remains weak as the March Business Conditions index falls to 43.3, the second lowest in a nine state Midwest region. Respondents report declines in new orders, production, and employment, with any score under 50 signaling contraction.
In western Kansas drought cripples wheat as farmers irrigate dryland fields and await rain. Two weeks before planting corn, Hugo Parsons irrigates daily while KASS reports 16 percent very poor and 25 percent poor wheat, with only 23 percent good and 2 percent excellent. widespread crop losses loom. Army cutworms threaten central districts.
Monday quotations show grain bids from Ottawa Edgerton Overbrook and others with soybeans at 4.42 to 4.47 and wheat around 2.76 to 2.79 while corn ranges 1.79 to 1.84 and milo at 1.74 to 1.79 USDA loan deficiency payments list corn 7 cents and soybeans 81 cents. St Joseph live cattle market notes higher steer heifer and cow prices and futures sentiments amid holiday week. Nonferrous metals quotes list lead 29-31c per lb gold 302.50 oz silver 4720 per oz.
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