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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Aug 29, 2000
Page
22
The U S Postal Service introduces blue gray striped blouses and shirts for clerks to project a more professional image. The update, effective near Friday, does not affect carrier uniforms.
Sabre Holdings plans to lay off about 1200 workers, more than 11 percent of its staff, to save money while agreeing to pay 757 million dollars to acquire GetThere.com, an Internet business travel marketplace. Sabre owns 62 percent of Travelocity.com. In Tulsa, ONEOK elected David Kyle as chairman after the death of Larry Brummett, with Kyle remaining president.
Powertel Inc shares fell over 6 percent after Voice Stream Wireless Corp offered 5.8 billion dollars for the Georgia cell phone company. The bid came ahead of a 46 billion dollar merger between VoiceStream and Deutsche Telekom AG that would shape the deal.
Local market roundup shows wheat and soybeans trading around 4.49 to 4.52 per unit across elevators in Farm Cooperative and Mid land regions, with corn at 1.47 and milo varying. USDA loan deficiency payments listed for several grains, while St. Joseph MO reports Monday cattle and hog receipts with price ranges for steers, heifers, cows, bulls, and hogs. nonferrous metal prices in New York show spot gold at 274.00 per ounce, silver 4927 per ounce, platinum 586.60 per ounce.
Analyst Richard Spears told the Kansas Independent Oil and Gas Assn in Wichita that a decade long oil boom is beginning with rising prices. Gov. Bill Graves praised the rebound as natural gas production peaks in 1999 and costs surge. state forecasts project natural gas value above 1.5 billion and oil output over 1 billion dollars, up from 1999 levels.
Manpower Inc reports Lawrence employers expect 13 percent to hire in Oct–Dec, well below Kansas state 43 percent and national 31 percent Midwest/32 percent. Most plan to hold payrolls steady. education and finance sectors show strongest fall prospects amid mixed wholesale and retail plans.
Kansas regulators weigh Southwestern Bell Kansas long distance approval after 160000 local lines lost to rivals. If approved by the KCC on Sept 20 and then the FCC within 90 days, Bell would offer simple long distance plans in Kansas, aiming for market choice and parity with Texas offerings.
Americans increased spending by 0.6 percent in July, the fastest rise since February, while incomes rose 0.3 percent. The personal savings rate fell to a negative 0.2 percent, the lowest on record, as shoppers felt wealthier amid strong job growth, rising incomes, low inflation, and a buoyant stock market.
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