FedEx Outlook Improves With Higher Earnings Forecast
FedEx Corp raised its earnings outlook on Monday citing stronger business in international, ground, and less-than-truckload services. It now expects 1.00 to 1.10 dollars per share for the quarter to August 31 and 4.40 to 4.60 dollars per share for the year, up from prior ranges, as its stock rose over 2 percent on the news amid signs of a improving economy.
MENTIONED IN THIS ARTICLE
FedEx Corp
FedEx
David Miller
Charlotte, N.C
Toys R Us posts quarterly profit on tax reserve reversal
Toys R Us Inc. swings to a Q2 profit thanks to a 200 million reversal of income tax reserves, but reports a 3.9 percent sales drop and a large operating loss in its U S toy unit. Chairman John Eyler says a decision on the worldwide toy business will take months as the company redefines its two main units Babies R Us and the global toy operation. Analysts expect any store closures to wait until after the holiday season.
MENTIONED IN THIS ARTICLE
Toys “R"” Us Inc
U.S
John Eyler
Toys "R" Us
Babies "R" Us
Labor Talks Between US Airways and Pilots Break Down
US Airways Group and the pilots union said talks ended in a breakdown after a weekend of negotiations. The airline warned that without new labor deals by September 30 bankruptcy could loom and liquidation remain possible.
MENTIONED IN THIS ARTICLE
US Airways Group Inc
Air Line Pilots Assn
Jack Stephan
US Airways
Kmart narrows plan to sell stores to Home Depot
Kmart Holding Corp. said on Monday it would sell 18 stores to Home Depot for 271 million dollars under a final agreement. Earlier, Kmart had said 24 stores and then revised the range to 13 to 19 locations.
MENTIONED IN THIS ARTICLE
Kmart Holding Corp
Home Depot
Kmart
Unions Protest Overtime Rules At Labor Department
Several hundred union members protested outside the Labor Department against new overtime pay regulations taking effect Monday. Senators Specter and a colleague pledged to seek a repeal when Congress returns, but a veto by Bush looms. Critics cite ambiguity and out of date rules while employers seek clarity and fairness in pay and lawsuits involving overtime.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Congress
Bush
Arlen Specter
Pennsylvania
Lawrence workers unlikely to lose overtime benefits
Lawrence employment specialists said Monday most area workers face little risk from new federal regulations starting Monday. Randy Renfro of Roark & Associates said about 10 businesses asked how the rules would affect them. He noted hourly workers are more at risk than salaried staff, though avoidance of sleep loss is encouraged.
MENTIONED IN THIS ARTICLE
Lawrence
Randy Renfro
Renfro
EU oil project shows positive results in Russell Kansas
Kansas field Hall Gurney yields 2.6 barrels daily after CO2 flooding restart in December. Project a $4.7 million pilot aims to recover trapped oil from the Lansing Kansas City limestone 3,000 feet underground. KU and Kansas Geological Survey coordinate with DOE estimating 250 to 500 million barrels remain.
MENTIONED IN THIS ARTICLE
Russell
Kansas
Hall Gurney
Lansing
Kansas City
Russell County
Paul Wilhite
Kansas University
University
Kansas Geological Survey
U.S. Department of Energy
Kansas wine judging at state fair seeks to spark industry
Kansas winemakers including Lawrence-area producers will enter a wine judging competition at the Kansas State Fair in Hutchinson at 6 30 p m Sept 10. Davenport Orchard Leavenworth and Holy Field Vineyard basehor join the event backed by the Kansas Department of Commerce and Agriculture as part of reviving the state fair wine program and raising consumer awareness while addressing grape crop damage from herbicide drift.
MENTIONED IN THIS ARTICLE
Kansas
Lawrence
Kansas Department of Commerce
Kansas Department of Agriculture
Greg Shipe
Eudora
Davenport
Bet
Kansas Grape and Wine Industry Advisory Council
Agriculture Department
Shipe
Kansas State Fair hosts wine judging and cheese tasting event
A fair night event at 6:30 p.m. on Sept 10 at the Kansas State Fair in Hutchinson invites tasters to vote for their favorite red white and best overall wines. Participating area businesses include Davenport Orchard Vineyard and Winery Eudora Davenport Heimhof Winery and Gift Shop Leavenworth and Holy Field Vineyard and Winery Basehor. For more information contact the Kansas Department of Commerce at (785) 296 2477 or email stansford kansascommerce.com.
MENTIONED IN THIS ARTICLE
Ter
Hutchinson
Davenport
Heimhof Winery & Gift Shop
Leavenworth
Holy Field Vineyard & Winery
Basehor
Shipe
Davenport Orchard
Vineyard and Winery
Eudora
Heimhof Winery _& Gift Shop
Kansas Department of Commerce
Stansford
Kansascommerce.com
SCS Transportation Stock Drops After Trimmed Forecast
SCS Transportation Inc. shares fell to $17.80 on Nasdaq after the Kansas City based firm cut its third quarter earnings outlook to 41 to 47 cents per share from a prior 51 to 57 cents. Higher fixed costs from carrier contracts and wage raises were cited as drags, while demand failed to meet anticipated volume growth.
MENTIONED IN THIS ARTICLE
New York
SCS Transportation Inc
SCS
Kansas City
Sidotl & Co
Robert Dunn
Wall Street
Also Mentioned on This Page
Labor US Airways
LABOR
By Chad Lawhorn
Clawhorn
K Id.com
Murfin Drilling
Wichita
Lawrence-area
Jworld.com
SCS Transportation
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