FleetBoston to Sell Robertson Stephens and Cut Latin America
FleetBoston Financial Corp plans to exit Robertson Stephens and reduce its Latin American operations to focus on lower risk lending. CEO Chad Gifford announced the shift as the bank reported first quarter earnings of 725 million dollars, 70 cents a share, in line with analysts. The quarter’s net income was 142 million dollars, or 12 cents per share, versus the prior year.
MENTIONED IN THIS ARTICLE
FleetBoston Financial Corp
Robertson Stephens Investment Bank
Latin America
FleetBoston
Chad Gifford
Andersen May Escape Criminal Charges In Enron Case
Federal prosecutors plan to defer criminal obstruction charges against Arthur Andersen LLP in a settlement that requires an admission of knowledge of document destruction related to Enron's collapse. Andersen must cooperate with the Justice Department's Enron bankruptcy probe. a formal deal is expected to be announced in Washington.
MENTIONED IN THIS ARTICLE
Arthur Andersen LLP
Enron Corp
Andersen
Justice Department
Enron
Associated Press
Washington
Production and prices rise in March economy report
The Federal Reserve said output at U.S. factories mines and utilities rose 0.7 percent in March following a 0.3 percent gain for February marking the third straight monthly increase. The Labor Department CPI climbed 0.3 percent in March after a 0.2 percent rise signaling inflation with oil price pressures.
MENTIONED IN THIS ARTICLE
U.S
Federal Reserve
Labor Department
Travel Information Center breaks ground at Kansas Speedway
Ground was broken Tuesday on a project to build a Travel Information Center at the entrance to the Kansas Speedway. Kansas Speedway will build and operate the 5,060-square-foot center through a contract with the Kansas Department of Commerce and Housing. When finished this fall, the center will replace a similar facility just east of the Speedway on Interstate 7.
MENTIONED IN THIS ARTICLE
Kansas Speedway
Kansas Department of Commerce and Housing
Speedway
Bard reports jump in revenues for quarter
C R Bard Inc, based in Murray Hill New Jersey, reports first quarter net income up 15 percent with a 6 percent rise in sales. The company says full year results are on track and that it will operate as an independent company after terminating a merger deal with Tyco. Bard is parent to Davol in Lawrence.
MENTIONED IN THIS ARTICLE
C.R. Bard Inc
Tyco International Ltd
Murray Hill
N.J
C.R. Bard
Lawrence
Davol Inc
E. 22Nd St
Stocks Rise On Strong GM TI Earnings Boost Markets
Wall Street advanced after General Motors and Texas Instruments posted better than expected first quarter results. The Dow gained over 200 points while the Nasdaq climbed more than 3 percent as investors renewed optimism about a broader economic recovery. Intel matched estimates in after hours trading, helping lift tech shares and extending the upbeat mood.
MENTIONED IN THIS ARTICLE
Texas Instruments
New York
Wall Street
General Motors
Alan Ackerman
Fahnestock & Co
Ackerman
Dow
Intel
Lawrence carpenters strike. minor impact on local building
Union carpenters in Lawrence Local 1445 began a Tuesday picket at two Lawrence sites and at a University campus site after failing to reach a new contract before the March expiry. B A Green Construction confirms no work stoppage impact due to nonunion staff, while Topeka unions join the walkout amid ongoing negotiations.
MENTIONED IN THIS ARTICLE
Scott McClurg
Journ Union
Todd Harvey
Kim Kinder
Topeka
BA. Green Construction Co
Lawrence
Carpenters Union Local 1445
B.A. Green Construction Co
Iowa
B.A. Green
Kansas University
15Th
Iowa Streets
B.A. Green Construction
Tracy Green
Green
Terry Davis
Earl Kanatzar
Carpenter's Union
Kanatzar
Carpenters
Rozier Sharp
Kansas City
National Labor Relations Board
Sprint chief urges view of telecom as vital industry
Sprint chair William Esrey told shareholders the telecom sector remains solid and vital, with growth expected through 2005, despite recent stock declines and layoffs. He defended conservative accounting, noted ongoing cost cuts, and said investor advice should be left to individuals. Sprint and PCS stock rose as first quarter results beat expectations and progress toward profitability was reported.
MENTIONED IN THIS ARTICLE
Westwoop
Sprint Corp
William T. Esrey
Esrey
Sprint
PCS
New York Stock Exchange
Agricultural prices and livestock reports from farm elevators and markets
As of Tuesday close Ottawa Cooperative Assn Ottawa Elevator Wheat 2.68 corn 1.73 milo 1.68 soybeans 4.36 Edgerton 2.71 1.75 1.68 4.36 Overbrook 2.71 1.73 1.68 4.34 Midland Wheat NA corn 1.75 soybeans 4.36 Lawrence North Wheat NA corn 1.78 soybeans 4.39 Lawrence South milo NA soybeans 4.36 Pauline Wheat NA corn 1.78 milo 1.73 soybeans 4.41 USDA Loan Deficiency Payments Corn 14c Soybeans 98c Milo 6c Nonferrous metals New York prices Copper 75.0c/lb Cathode 61.7c/ lb Lead 29-31c Silver 4.445/oz Gold 297.75/oz livestock receipts at St Joseph Missouri Tuesday barrows gilts 1.00 higher 46-50 percent lean 230-270 lbs 26.00-27.00 Sows scarcer boars scarce.
MENTIONED IN THIS ARTICLE
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland
Lawrence North
Lawrence South
USDA
St. Joseph
Joseph Mo
Also Mentioned on This Page
Carpenters Loin
Hoto
Clawhorn
Ijworld.com
BA. Green Construction
Chad Lawhorn
London
N.Y
Handy & Harman
NJALL
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