Midwest optimism rises as inflation sticks in purchases
A Midwest survey of purchasing managers across nine states shows continued inflationary pressure in November with an prices paid index at 68.8, down from 70.1 in October. Ernie Goss of Creighton University notes holiday optimism may lift confidence among manufacturers’ material buyers while the Fed may face rate pressures into December or February.
MENTIONED IN THIS ARTICLE
Omaha
Nex
Midwest
Ernie Goss
Creighton University
Goss
Federal Reserve Board
Federal Reserve
Kansas purchasing managers index climbs in November
State figures show Kansas and Midwest PMI rising with an overall reading of 61.7 in November up from 53.3 in October. New jobs, production and exports led gains while confidence rose to 55.6 as concerns over Y2K eased and shoppers anticipated a solid holiday season.
MENTIONED IN THIS ARTICLE
Kansas
Goss
Arkansas
Iowa
Minnesota
Missouri
Nebraska
North Dakota
Oklahoma
South Dakota
State economy earns mixed grades from venture capital report
Kansas leaders react to a national venture capital ranking that gives Kansas B and C grades. John Fowler says the report aids policy but shows urban bias and ignores manufacturing. He challenges highway data while noting a $12.9 billion transport plan and a $7 billion prior program. Gov. Graves’ spokesman calls the report useful for tracking progress but warns against cross-state comparisons.
MENTIONED IN THIS ARTICLE
John Fowler
Kansas Chamber of Commerce and Industry
Fowler
Bill Graves
Don Brown
Brown
Chamber reads final questions for at large candidates
The Lawrence chamber will announce its new president on December 22 after interviews with five candidates. The long time head Gary Toebben left to lead the Northern Kentucky Chamber. All five are male with CEO experience at major chambers and hail from coasts and the Midwest. The process includes city hall, the school district service center and Kansas University. The chamber’s annual budget is 1.3 million and serves 1,200 members.
MENTIONED IN THIS ARTICLE
Scott
Gary Toebben
Chamber
Northern Kentucky Chamber of Commerce
Chambers of Commerce
Kansas
Judy Billings
Lawrence
Kansas University
McDonald’s to buy Boston Market in surprise deal
McDonald’s will acquire controlling interest in Boston Chicken brand Boston Market while excluding Einstien/Noah Bagel Corp from the agreement. CEO Jack Greenberg says the move adds ready locations to grow Chipotle Mexican Grill and Donatos Pizza. He notes real estate justifies the purchase and many Boston Market sites may convert to other brands after closing next year.
MENTIONED IN THIS ARTICLE
Boston Chicken
Einstien
Noah Bagel Corp
McDonald's
Jack Greenberg
Greenberg
Boston
Chipotle Grill
Donatos
Golden
Colo
Local grain prices and loan deficiency payments
Local markets show Wednesday closes with Farmers Cooperative Assn Wheat 2.17 soybeans 4.42 milo 1.40 corn 1.61. Midland Elevators Wheat NA soybeans 4.45 milo NA corn 1.61. North Elevator Wheat 2.17 soybeans 4.47 milo 1.40 corn 1.66. USDA Loan Deficiency Payments list Wheat 0.45 corn 0.24 oats 0.20 soybeans 0.03 milo 0.63.
MENTIONED IN THIS ARTICLE
Farmers Cooperative Assn
South
Milo
Midland
North Elevator
USDA
Nonferrous metals spot prices report
New York advisory notes spot prices for nonferrous metals on Wednesday with aluminum at 69.1 cents per pound copper at 78.90 cents per pound lead at 29 to 31 cents per pound gold at 284.90 dollars per troy ounce and silver at 5188 dollars per troy ounce as traded on the New York Mercantile Exchange and London markets.
MENTIONED IN THIS ARTICLE
New York
London Metal Exch
N.Y
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Alice
Motorola
Business & Family Communications
W. 6Th Street
Mark Fagan
Mfagan
Ijworld.com
Intrust Bank
Branch Bank
Intrust Bank OnLine
Intrust OnLine
Intrustbank.com
Columbia
Vermont
Ver Foic
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