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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Aug 29, 2001
Page
14
BRIEFCASE HER Block on Tuesday reported a smaller first quarter loss than analysts predicted, citing mortgage operations and tight spending controls. The Kansas City based firm posted a net loss of 30.8 million dollars or 17 cents a share for the quarter ending July 3, well below the 22 cents per share expected.
Bayer AG said it may decide the future of its drug unit as soon as next month amid reports Roche had made a preliminary bid around 20 billion dollars. Shares rose as much as 5.3 percent on the bid rumor, then closed up 2.1 percent at 32.66 euros on the DAX.
Markets and the Dow tumbled after the Conference Board reported a second monthly drop in consumer confidence. The index slipped to 114.3 from 116.3, sparking fears of a delayed economic recovery and potential further job losses. Big movers included Procter & Gamble, Home Depot, American Express, DaimlerChrysler, and Sun Microsystems amid profit revision notes.
Payless Cashways Inc. plans an orderly liquidation under Chapter 11 after filing for bankruptcy. In Lawrence the 3434 Iowa store will no longer accept checks or store credits with only cash and major payment methods allowed as 42 of its NO stores face closure. Analysts say Lowe's could be a potential acquirer, while Home Depot is unlikely to bid due to its store designs.
Market close figures from Ottawa Cooperative Assn and Edgerton Elevator show wheat at 2.64 dollars, corn 1.88, milo 1.86, soybeans 4.66 with varying NA notes for some elevators. Nonferrous metals highlight aluminum 0.635, copper 0.730, lead 0.29 to 0.31, zinc 0.4315 to 0.4365 per lb. Gold 271.05 per troy ounce and silver 4.225 per ounce quoted by Handy & Harman.
Brady Chiropractic Clinic at 1104 E 23rd St is an eight-employee practice led by James Brady D C. It emphasizes identifying root causes of pain from auto accidents or sports injuries and uses spinal manipulation to improve function with long term healing goals. Plans include infrared imagery and surface EMG to broaden diagnostics and aim to serve more patients in five years.
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