New board chairman takes helm at NYSE
Marshall N. Carter, former State Street executive, has been elected chair man of the New York Stock Exchange board of directors. He succeeds John Reed who took over in 2003 after Richard A. Grasso resigned amid controversy over his pay. Carter said the role is a great privilege and pledged to maintain the NYSE’s pre-eminence in America’s capital market.
MENTIONED IN THIS ARTICLE
Boston
New York Stock Exchange
Marshall N. Carter
State Street Corp
John Reed
Citigroup Inc
Richard A. Grasso
Carter
NYSE
John Thain
Consumer confidence steady amid high energy prices
Despite surging energy costs and cautious hiring, Americans held steady confidence. The AP Ipsos index rose to 84.5 in April from 84.2 in March, with the year ago reading at 84.8, signaling continued optimism about the economy amid oil and gas price pressures.
MENTIONED IN THIS ARTICLE
America
Ap-Ipsos
United States
Ford lowers forecast for profits this year
Ford Motor Co. trimmed its full-year profit guidance citing difficult auto industry conditions and now projects 2005 earnings of $1.25 to $1.50 a share. Previously the company had guided toward $1.75 to $1.95. Excludes 8 to 10 cents per share for the Premier Automotive Group plan, fuel cell investments, and a non-core sale. Analysts expect $1.64 per share on $148.49 billion revenue.
MENTIONED IN THIS ARTICLE
Ford Motor Co
Ford
Premier Automotive Group
Thomson Financial
Smucker's loses bid to patent Uncrustables pockets
U S Court of Appeals for the Federal Circuit rejects Smucker Co attempt to patent its pocket size peanut butter and jelly pastries known as Uncrustables The decision upholds the Patent Office stance that the crimped edges resemble ravioli or a pie crust The case followed prior rejections by the Patent Office Board of Trademark Appeals and Interferences Smucker owns a general patent and sought to expand protection with two additional patents The ruling highlights limits of what federal law can protect by patent in food related processes Brigid Quinn of the patent office notes the case among ventures testing patent boundaries
MENTIONED IN THIS ARTICLE
Washington
U.S. Court of Appeals For the Federal Circuit
J.M. Smucker Co
Smucker
Orrville
Ohio
U.S. Patent and Trademark Office
Len Kretchman
David Geske
Fargo, N.D
Patent Office
Board of Trademark Appeals
Appeals Court
Brigid Quinn
The
Post Office seeks 2 cent stamp price hike and tax escrow pullback
The Postal Service proposes raising first class stamps from 37 to 39 cents and cards from 23 to 24 cents while urging Congress to eliminate the $3.1 billion escrow requirement set in 2003. They warn rates may wait until early next year pending Rate Commission hearings, contingent on congressional action to end the escrow.
MENTIONED IN THIS ARTICLE
Washington
Congress
Independent Postal Rate Commission
Postal Service
Post Office
Susan Collins
Rmaine
Committee On Homeland Security and Governmental Affairs
Postal Rate Commission
Proposed Postal Rate Increases Outlined in Plan
A government proposal lists rate hikes across services including First class 39 cents per ounce after the first, post cards 24 cents, express mail to 11.30, Priority mail minimum 4.05, parcel post 2.96, certified mail 2.40, money order 95 cents, and registered mail up to 12.75, signaling broad changes to postal pricing.
MENTIONED IN THIS ARTICLE
Express Mail
Parcel Post
Lawrence Faces Slow First Quarter for Building Permits
Gale Lantis of Mar Lan Construction notes scant interest in new Lawrence projects as permits total just over 22 million for the first quarter of 2005. Housing starts hit an 18 year low with 37 single family permits through March, while buyers gain from a market with abundant listings and rising mortgage rates. Jeff Perry’s March permit for a 10,000 square foot office and two warehouses on 3 acres at 1045 E. 23rd St. signals growth along 23rd Street as Lawrence expands toward Kansas City.
MENTIONED IN THIS ARTICLE
Gale Lantis
Baldwin
Manhattan
Lawrence
Lantis
Mar Lan Construction LLC
Department of Neighborhood Resources
Robbie Flory
The
Lawrence Home Builders Assn
E. 23Rd St
Kansas City
23Rd Street
Perry
Larry Midgett
Century 21
Miller & Midgett
Yellow USF shares fall on weak first quarter outlook
Overland Park based Yellow Roadway and USF shares slide following USF’s forecast of first quarter earnings in 12 to 16 cents a share. Analysts expected about 38 cents, and the company reported 32 cents a year earlier. USF trading dropped further after the earnings miss amid the planned $1.37 billion Yellow deal.
MENTIONED IN THIS ARTICLE
Overland Park
Yellow Roadway Corp
USF Corp
USF
Wall Street
Yellow
Thomson First Call
Also Mentioned on This Page
Mark Fagan
Mfagan
Ljworld.com
Patent
Maria Rulon
Associated Press
St. Louis
Emucker's
Nustou Step
Housing
Flory
Association
Jeff Perry
Deer Valley Commercial Construction LLC
Scott McClurg
Journal-World Photo
Jeff Jones
Topeka
East 23Rd Street
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