Google and Yahoo settle patent dispute and stock exchange
Google Inc will give Yahoo 2.7 million Google shares plus cash valued at about 328 million dollars to drop a key online advertising technology patent suit and settle a partnership dispute. The agreed settlement removes a threat to Google's public offering and strengthens Yahoo in the online search market.
MENTIONED IN THIS ARTICLE
Google Inc
Yahoo Inc
Yahoo
Google
Jerry Yang
Sergey Brin
Allen & Co
Sun Valley
Idaho
Most 401(k) accounts weather bear market in study
A study by ICI and the Employee Benefit Research Institute finds Americans' 401(k) balances largely recovered after the 2000-2002 bear market. Average 2003 balance reached 76,809 dollars, up from 59,510 a year earlier and 65,572 in 1999, though savers in their 60s and 50s saw declines from five years prior.
MENTIONED IN THIS ARTICLE
ICI
Employee Benefit Research Institute
Washington
Insurance firms settle trading case for 20 million
Two insurers Conseco Inc and Inviva Inc agree to a 20 million settlement with New York Attorney General Eliot Spitzer and the SEC ending an investigation into alleged improper trading of annuities. Regulators say favored investors engaged in rapid mutual fund trading linked to variable annuities. The SEC calls it first enforcement action charging insurers with securities fraud in market timing. The firms allegedly misled investors by saying annuities were not designed for market timers while marketing to professional timers.
MENTIONED IN THIS ARTICLE
Conseco Inc
Inviva Inc
New York Atty
Eliot Spitzer
Securities and Exchange Commission
Spitzer
SEC
Aquila warns of rising gas prices for Lawrence customers
Aquila officials warn Lawrence natural gas customers to conserve as wholesale prices hit new highs. The average August bill for residential customers rises to 30.06 dollars, with potential similar increases in January if prices stay high. StreamLINE level payments help smooth monthly costs.
MENTIONED IN THIS ARTICLE
Aquila
Lawrence
George Minter
Kansas City
Minter
Kansas City firm lists steps to cut rising gas bills
J W Staff Reports Aquila urges consumers to set thermostats at 68 during the day and lower at night, use cold water for laundry, check furnace filters monthly, avoid blocking vents, seal around windows and doors, and add attic insulation. Oil price volatility and Middle East instability are linked to higher natural gas costs as demand grows.
MENTIONED IN THIS ARTICLE
Aquila
Middle East
Oil prices jump to near 45 as Iraqi fields halted
Prices reach new highs as an Iraqi official cites security driven shutdowns at southern fields near Basra. Analysts warn: potential loss of over 15 million barrels daily, amid supply worries from Russia and Yukos debt battles. Brent and WTI rise on tight markets and OPEC confidence.
MENTIONED IN THIS ARTICLE
Washington
Russia
Yukos
New York Mercantile Exchange
London
International Petroleum Exchange
Brent
Peter Beutel
Cameron Hanover Inc
New Canaan
Conn
Organization of Petroleum Exporting Countries
Iraq
Oil Company
Muqtada al-Sadr
Basra
Iraqi Oil Ministry
Assem Jihad
John Kingston
Platts
McGraw-Hill Cos
Fed expected to raise rates then pause before elections
The Federal Reserve is anticipated to lift rates a quarter point today, then likely hold steady after a weak July job report showing only 32,000 new jobs. Analysts say the economy faces a soft patch but remains on track, with other indicators like auto sales rebounding.
MENTIONED IN THIS ARTICLE
Fed
Washington
Federal Reserve
Alan Greenspan
Sung Won Sohn
Wells Fargo
Minneapolis
Grain and beef futures rise on Chicago markets Monday
Grain and soybean futures gained on the Chicago Board of Trade led by September wheat at 3.16 a bushel and soybeans up to 5.78 a bushel. In the beef and pork pit on the Mercantile Exchange, live cattle slipped and feeder cattle rose while October hogs fell and pork bellies edged higher. Local elevator prices show Wheat at 3.16 and corn around 1.97 to 2.02 with other grains varying across Ottawa Edgerton Overbrook and Lawrence elevators. Nonferrous metals quote gold at 399.00 and silver at 6.74 with platinum at 832.00 per ounce.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago Mercantile Exchange
Jean
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland Elevator
Lawrence
New York
Handy & Harman
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