AT&T Wireless debut lifts investors amid inflation worries
AT&T Wireless shares rose about eight percent above the IPO price of 529.50 as the new AWE stock opened on the NYSE. The IPO raised 10.62 billion dollars from 360 million shares, with a peak near 32.18 and a close around 31.87 as markets reacted to the first big IPO in a wary environment. Meanwhile Microsoft antitrust matters proceed with a court-mandated proposal likely to split the company to restore competition, with sanctions under consideration by Judge Jackson. MCI WorldCom and Sprint face a $115 billion merger vote, as Ebbers expresses optimism and regulatory hurdles remain ahead of final approval by DOJ and FCC.
MENTIONED IN THIS ARTICLE
At&t Wireless Group
At&t
U.S
New York Stock Exchange
MCI WorldCom
MCI WorldCom Inc
Sprint Corp
Bernie Ebbers
Department of Justice
Federal Communications Commission
Ebbers
Robust economy sparks inflation fears in first quarter
U S growth hit 5.4 percent in January to March with 1.4 percent rise in wages and benefits, the largest in a decade. Inflation worries rose as energy costs pushed up an inflation gauge tied to GDP. Greenspan and economists weighed sharper Fed moves while stocks fluctuated, with a tech rally later helping markets end lower but off intraday lows.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
Labor Department
Federal Reserve
Alan
Fed
Oscar Gonzalez
John Hancock
Wall Street
Boeing unveils Connexion in-flight Internet and video service
Boeing introduces Connexion a high speed satellite based service enabling airline passengers to surf the Internet send email and access news and entertainment at 40 000 feet with partners CNN CNBC Mitsubishi Electric and Loral Skynet. The system targets North American carriers first with Europe Asia rollouts planned for 2003 2004.
MENTIONED IN THIS ARTICLE
New York
Boeing Co
CNN
CNBC
Mitsubishi Electric Corp
Loral Skynet
Boeing
Connexion
Phil Condit
Airbus Industrie
Condit
Europe
Atlantic
Pacific
Asia
Jim Albaugh
Space and Communications Group
Kansas
Hughes Electronics Corp
Larry Trotter
Kevin Furukawa
Panasonic
Greenspan sees tech boon for rural areas and farms
Federal Reserve Chairman Alan Greenspan told a Kansas City audience that the technology boom will lift rural communities like earlier electric and highway advances. He cited satellite television, telemedicine, and high tech farming tools as key innovations expected to boost farm productivity and reduce the count of small farms as larger operations grow.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Alan Greenspan
Kansas City
America
Greenspan
Real estate leader Bob Stephens recovers from quintuple bypass
Lawrence's Stephens Real Estate chief executive Bob Stephens underwent quintuple bypass surgery at Mayo Clinic Hospital in Phoenix after a heart attack while golf in Scottsdale. He is improving and could leave hospital soon, with plans to return to Lawrence in June. Stephens founded the firm in 1978, now listing 64 licensed agents and a Baldwin satellite office.
MENTIONED IN THIS ARTICLE
Lawrence
Arizona
Bob Stephens
Stephens Real Estate
Mayo Clinic Hospital
Phoenix
Stephens
Donna Field
Field
Scottsdale
Ariz
Mary Kay
Doug
The
American Heart Assa
Doug Stephens
Baldwin
Commodity and metal prices in New York market update
As of Thursday close Farmers Cooperative Assn South Elevator Wheat 2.21 soybeans 5.02 milo 1.75 corn 1.96 Midland Elevator Wheat NA soybeans 5.06 milo NA corn 1.96 North Elevator Wheat 2.21 soybeans 5.07 milo 1.75 corn 2.01 USDA Loan Deficiency Payments Wheat 0.43 Soybeans 0.18 Spot nonferrous metals Gold 276.00 Silver 4 965 Handy Harman daily quote.
MENTIONED IN THIS ARTICLE
Farmers Cooperative Assn
South Elevator
Milo
Midland
North Elevator
USDA
New York
Handy & Harman
Gap to expand in Ohio with 2500 new jobs
Gap Inc will open a $130 million office and distribution center in Groveport Ohio for its e commerce and catalogue business creating 2500 jobs. The project includes a 425000 square foot leased facility and an 830000 square foot plant adjacent to the existing 270000 square foot complex. Tax credits exemptions and grants totaling up to 22.5 million in sales tax exemptions plus 1.2 million in training aid are offered by the state.
MENTIONED IN THIS ARTICLE
Los Angeles
Gap Inc
Ohio
Bob Taft
Gap
Taft
Salomon Smith Barney
Maura Hunter Byrne
Groveport
Old Navy
Banana Republic
Lawrence
United States
Canada
Britain
France
Germany
Japan
Also Mentioned on This Page
Dow Industrials
S&p
Treasury
Chicago Board of Trade
Kansas Cizard
At&t Wireless
Microsoft
Justice Department
U.S. District Court
Thomas Penfield Jackson
Jackson
Ohio Lands Gap
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