Unemployment Dip and Cuts Hit Multiple Firms in July
Unemployment eased in Lawrence and statewide in July as students joined the job market then later paused. State rate fell to 3.7 percent from 3.9, while Lawrence dropped to 4.4 percent from 4.8. BNSF announced 80 job cuts in Topeka and West Burlington amid slowing demand. Target sued Kmart over the Dare to Compare ads alleging deceptive pricing.
MENTIONED IN THIS ARTICLE
Lawrence
Department of Human Resources
Burlington Northern and Santa Fe Railway
Topeka
West Burlington
Iowa
B.J. Ryan
Bnsf South
BNSF
Sears Renews Image to Boost Sluggish Sales
Sears Roebuck and Co shifts from discount pricing to a broad one roof pitch in a multimillion dollar ad campaign. The retailer aims to highlight a wide variety of goods and even fun under one roof as it battles tighter economy and discounters. NextWave Telecom secured 2.5 billion in new loans to fund its nationwide wireless network amid bankruptcy restructuring. UBS Warburg provides financing and advisory support as NextWave builds the network after paying 500 million toward 4 billion FCC license purchases.
MENTIONED IN THIS ARTICLE
Sears, Roebuck and Co
Sears
Wal-Mart
Target Corp
Kohl's Corp
NextWave Telecom
U.S
UBS Warburg
NextWave
Fed Cuts Rates Again to 3.5 Percent
The Federal Reserve lowered the federal funds rate by a quarter point to 3.5 percent, the seventh cut this year, with banks following to push the prime rate to 6.5 percent. Officials cited weakening business profits and abroad, but stronger household demand as a sign of a rebound potential.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
U.S
Fed
Federal
Alan Greenspan
Martin Regalia
U.S. Chamber of Commerce
Bruce Steinberg
Merrill Lynch
Wall Street slides as Fed outlook signals weakness
The Dow closes down 145.93 at 10 174.14 amid a broad selloff. Nasdaq falls 30.05 to 1831.30 and S&P 500 slips 44.5 to 1157.26 as investors fret a weaker economy. Executives cited weaker demand and postponed recovery plans with a cautious Fed stance in view.
MENTIONED IN THIS ARTICLE
Standard ‘&Poor
Fed
David Lindsay
Fleet Asset: ‘Management
Rejuvené Day Spa aims for growth and wellness hub
Lawrence based Rejuvené Day Spa run by Marcia Butell with four staff offers massage, facials, peels, waxing, body wraps, reflexology and lymphatic draining massage plus vitamins and cosmetics. Butell envisions a retreat center in five years featuring yoga and nutritious meals, stressing massage therapy as emotional and physical healing.
MENTIONED IN THIS ARTICLE
Rejuvené Day Spa
Wakarusa Drive
Marcia Butell
Butell
Lawrence
Rejuvené
Lawrence Area
Ness
Commodities and livestock market report from Ottawa and St Joseph
Commodity quotes show Wheat at 2.58 and 2.61 per bushel, corn at 1.88, milo at 1.83, soybeans at 4.75 across Ottawa Ottawa Elevator Edgerton Overbrook Midland Pauline elevators. USDA loan payments set corn 5 cents and soybeans 56 cents. St Joseph livestock section notes slaughter hog receipts 200, barrows and gilts steady from Monday, dressed pork and futures down, with lean percentages and weights listed. Nonferrous metal prices in New York and London markets include copper around 71.0 cents per pound, lead 29-31, zinc 43.92-44.42, gold 276.30-275.00 per troy oz, silver 4 220-4 385 per troy oz, platinum around 432-485 per troy oz.
MENTIONED IN THIS ARTICLE
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland
Pauline
USDA
N.Y
Handy & Harman
Also Mentioned on This Page
Laborstats.hr. State Keep
Burlington
Santa Fe Railway
Target
Kmart
Kmart Corp
Minneapolis
Associated Press Economics
Steinberg
David Jones
Aubrey G. Lanston & Co
New York
Wall Street
Busi
Mark Fagan
Mfagan
Ljworld.com
St. Joseph
St.Josere, Mo
London Metal Exch
Dilbert
Stephens Insurance
Norman John
Chris Chapin
Jim Moore
Martha Maria Pierson
CSR
Williams
W. 6Th Street
H&r Blocls
H&r Block
26Th Street
H&r
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