Waltons donate 300 million to University of Arkansas
The Walton Family Charitable Support Foundation provides 300 million to the University of Arkansas, creating an undergraduate honors college and funding the graduate school. Chancellor John A. White praised the gift, noting its lasting impact for Arkansas. Sam Walton started Wal-Mart. his sons Rob and Jim are alumni, with Rob serving as Wal-Mart chairman.
MENTIONED IN THIS ARTICLE
Wal-Mart
University of Arkansas
United States
Walton
Arkansas
John A. White
Sam Walton
Bentonville
Ark
Rob
Jim
Rob Walton
Technical fluke clouds jobless claims outlook
Fewer Americans filed unemployment claims last week but a technical error inflated the prior surge. The Labor Department said seasonally adjusted new claims fell by 55,000 to 438,000 for the week ending April 6, though analysts warn the figure remains overstated. Congress approved a 13 week extension of benefits.
MENTIONED IN THIS ARTICLE
Labor Department
Congress
Bush
Study puts smoking cost at 7 dollars per pack
A CDC study estimates the United States spends 7 dollars per pack on smoking related medical care and lost productivity. It calculates 3,391 dollars per year per smoker and 1577 billion in total costs annually, with per-pack medical costs of 3.45 and lost productivity 3.73.
MENTIONED IN THIS ARTICLE
United States
Centers For Disease Control and Prevention
CDC
Payless ShoeSource in Topeka reports March sales dip
Payless ShoeSource in Topeka said March same store sales fell 1.8 percent. CEO Steven J. Douglass attributed weak results to the uncertain consumer economy. The lower sales led the company to cut its first quarter earnings forecast to $1 per diluted share from $1.10.
MENTIONED IN THIS ARTICLE
Payless ShoeSource
Steven J. Douglass
Payless
Venture capital program faces setback over lawsuit
Kansas Inc and Kansas Technology Enterprise Corp warn a lawsuit against Kansas Venture Capital Inc clouds support for a state venture capital act. The bill would offer 50 percent tax credits to private investors and aim to raise about 40 million dollars in seed capital for Kansas firms.
MENTIONED IN THIS ARTICLE
Overland Park
Charles Rawson
Kansas Inc
Tracy Taylor
Kansas Technology Enterprise Corporation
Kansas Venture Capital Inc
Ranson
KVCI
Johnson County
John Dalton
Thomas Blackburn
Marshall Parker
Rawson
Senate
Kansas Capital Formation Company Act
Kansas Department of Commerce and Housing
Kansas
Tay
House OKs pension reform bill in Enron wake
The House passed a pension reform bill 255 to 163 to bolster worker protections after Enron collapse. It allows investment advice from plan managers, permits sale of employer stock after three years, and requires 30 days notice before account changes. Democrats critique it as insufficient protections.
MENTIONED IN THIS ARTICLE
Bob Portman
Ohio
Ernest Lee Fletcher
Sam Johnson
House
Enron
Bush
Washington
John Boehner
Senate
Bush Administration
White House
Charles Rangel
New York
Martin Frost
Texas
Dennis Hastert
Hastert
Bill
Ways and Means Committee
Bill Thomas
Calif
Wall Street slides on GE earnings and IBM probe
Wall Street fell for the seventh straight session as GE shares sank and IBM faced a federal inquiry rumor. The Dow dropped 205.65 to 10,176.08, the Nasdaq held around its Feb. 22 close, and IBM slid nearly 5.4 percent before closing down amid SEC inquiry chatter. IBM later saw a brief late rebound.
MENTIONED IN THIS ARTICLE
New York
General Electric
IBM
Wall Street
Sears, Roebuck
Dow
SEC Insight
Federal Securities and Exchange Commission
SEC
John Lynch
Evergreen Investments
Local market quotes for grains metals and livestock
Ottawa Cooperative Assn and several elevators report price quotes for wheat corn milo and soybeans with USDA loan deficiency payments noted. Nonferrous metals prices from New York and London markets include copper lead and gold while St. Joseph livestock quotations show sparse supplies and receipts.
MENTIONED IN THIS ARTICLE
Ottawa Cooperative Assn
Ottawa
Milfo
Edgerton
Milo
Overbrook
Midland
Lawrence North
Lawrence South
Pauline Elevator
USDA
Nonferrous Metals
New York
London
U.S
St. Joseph
St. Joseph, Mo
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Topeka
By Chad Lawhorn
Clawhorn
Ljworld.com
Lor
KVCL
Chad Lawhorn
Handy & Harman
Handy &Harman
Mercury
N.Y
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