Former Mayor Giuliani Hired to Lobby for Merrill Lynch
Rudolph Giuliani, former New York mayor, was hired to lobby the New York attorney general over Merrill Lynch & Co practices. He gave legal analysis and called Atty. Gen. Eliot Spitzer before Spitzer released findings from a six month probe. The firm later agreed to greater disclosure on analyst ratings related to investment banking deals.
MENTIONED IN THIS ARTICLE
Merrill Lynch & Co
Rudolph Giuliani
Giuliani
New York
Eliot Spitzer
Spitzer
Merrill Lynch
Wall Street Journal
AOL Time Warner posts record quarterly loss
AOL Time Warner Inc, the world's largest media company, reported a net loss of 54.24 billion dollars in the first quarter. The loss marked the largest quarterly decline for a U.S. company, driven by a massive balance sheet writedown under new accounting rules. The writedown surpassed the previous record of 41.8 billion dollars held by JDS Uniphase in Q1 2001.
MENTIONED IN THIS ARTICLE
AOL Time Warner Inc
U.S
Telecom
JDS Uniphase
HP chief Fiorina on stand in merger dispute case
Hewlett-Packard chief Carly Fiorina testified on the witness stand about company documents linked to the proposed Compaq merger. The second day of Walter Hewletts lawsuit featured charts showing gaps between projected revenue and earnings and promised investor targets as Fiorina argued the charts were taken out of context.
MENTIONED IN THIS ARTICLE
Hewlett-Packard Co
Carly Fiorina
Cormpaq Computer Corp
Walter Hewlett
Hewlett
Stephen Neal
Fiorina
Neal
Area firms report quarterly earnings in Lawrence region
Capitol Federal Savings posts 0.30 per share for Q2, up 0.05 from last year while DST Systems in Kansas City posts 0.46 per diluted share vs 0.41 a year earlier. Waddell & Reed earns 0.30 per diluted share, down from 0.36. Goodyear Tire posts a 0.39 per share loss, worse than last year’s 0.30 loss, with production in Topeka.
MENTIONED IN THIS ARTICLE
Lawrence
Capitol Federal Savings
Kansas City
Financial Services Company
Goodyear Tire & Rubber Co
Topeka
Hallmark plant to add 40 jobs in Lawrence shift
Hallmark plans to close its Kansas City plant and move 40 new positions to its Lawrence facility at 101 McDonald Drive beginning in June. About 175 KC workers have expressed interest, with transfers offered to Lawrence Leavenworth or Topeka. The plant will also handle Shoebox line production, boosting weekly output by about 2 million cards.
MENTIONED IN THIS ARTICLE
Kansas City
Hallmark
Lawrence
Mark Garrett
Garrett
Kansas
Leavenworth
Topeka
McDonald Drive
Shoebox
Chinese turning to American icons for success guides
Chinese readers seek American business gurus and CEO biographies while pirated editions flood markets. Dale Carnegie Training sees strong demand but reports only 5 percent authorized titles among many Carnegie works sold in China. Chinese buyers prize tales of Gates and Welch, signaling a nationwide hunger for practical guidance amid state endorsement.
MENTIONED IN THIS ARTICLE
Belfine
Ericsson
Xu Hui
Dale Carnegie
Carnegie
Mao Zedong
Zhou Enlai
Deng Xiaoping
Hong Kong
Subway
Robert Kiyosaki
Spencer Johnson
Chen Tong
Johnson
Harvard
Li Xiguang
Beijing
Tsinghua University
David Chao
China
Chao
Microsoft Corp
Bill Gates
General Electric Go
Jack Welch
Fed survey finds positive tone on economic recovery
The Federal Reserve reports March and early April show solid retail sales brisk housing activity and improved factory conditions. While most regions are positive a few districts cite slower pace of revival with Boston mixed and Cleveland and Dallas noting weakness. Commerce data also show orders for big-ticket goods dipping 0.6 percent after February gains, suggesting modest progress overall.
MENTIONED IN THIS ARTICLE
Washington
U.S
Federal Reserve
Fed
Boston
Cleveland
Kansas City
Dallas
Commerce Department
Joel Naroff
Naroff Economic Advisors
Local grain prices from regional elevators
Ottawa Cooperative Assn gives Wheat 2.60 corn 1.76 milo 1.68 soybeans 4.56 at Ottawa Elevator. Edgerton 2.63 1.78 1.68 4.56. Overbrook 2.63 1.76 1.68 4.56. Midland Wheat NA corn 1.78 milo NA soybeans 4.56. Lawrence North Wheat NA corn 1.81 milo NA soybeans 4.59. Lawrence South
MENTIONED IN THIS ARTICLE
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland
Lawrence North
Lawrence South
Pauline
USDA
Market updates from St Joseph and commodity quotes
Milo soybeans and corn prices noted with USDA Loan Deficiency details. Receipts rise to 1,500 from 1,065 last week, 1,086 year ago. Feeder cattle mixed with calves under 500 pounds weaker, trading moderate to active. Nonferrous metals quotes include Aluminum 0.637 dollars per pound, Lead 0.45, Gold 304.20 per troy ounce, Silver 4557 per troy ounce.
MENTIONED IN THIS ARTICLE
St. Joseph
St. Josery
New York
London
Handy & Harman
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Media Aol Time Warner
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Lawrence Employment
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