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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Dec 27, 2000
Page
14
Boeing Co. faces renewed bargaining as 4000 unionized Wichita workers join Society of Professional Engineers in Aerospace forming a unit. Negotiations over a new contract begin after holidays while Boeing plans to add 500 to 1000 jobs in 2001 to support 737 output.
Trading is tight after the holiday as investors unload tech stocks and shift to blue chips. After a brief rally Friday stocks fell amid earnings worries and profit-taking. Tech shares declined while old economy issues rose modestly with analysts noting uncertainty for techs into year end. Dow rose 56.88 to 10692.44, Nasdaq fell 23.50 to 2493.52, S&P 500 up 9.22 to 1315.19.
Three Canadian telemarketing firms that allegedly sold foreign lottery tickets to U S citizens were temporarily barred from operating and had their U S assets frozen by order of a federal court in Illinois. The FTC seeks a permanent ban and restitution for victims. The firms targeted elderly consumers with tickets priced from 39 to nearly 600 dollars.
Heat demand spikes as bitter northeast cold pushes New York Mercantile Exchange Henry Hub gas futures to a record intraday high of 9.95 and closes at 9.80 per MMBtu. Heating oil and crude oil also climb while winter storm warnings spread across Oklahoma and Arkansas. OPEC's potential output cut eyed for upcoming meeting on January 7.
Kansas unemployment rose to 3.5 percent in November from 3.4 percent in October, with 1,409,611 Kansans employed and 50,560 seeking work. Metro rates varied with Lawrence 3.6 percent, Kansas City 3.2, Topeka 3.9, and Wichita 3.7, reflecting holiday hiring and seasonal job endings. Retail hiring added about 3,600 workers, while some construction positions ended as the year progresses.
Bridge News reports online holiday spending surged in early November and stayed strong. PC Data Goldman Sachs data show 8.7 billion spent since early November, with apparel up 59 percent and toys up 90 percent. Yahoo! and Amazon shares rose on stronger volumes. Sony PlayStation and Harry Potter books were top items worldwide. In North America popular products included DVD players digital cameras robotic pets scooters and PDAs.
Farmers Cooperative Assn and Midland Elevator-Wheat soybeans at 4.74, corn 1.97, milo 1.80. Dodge City reports quiet trade for cattle with 22,900 head week to date and few bids around 75 to 80, weather cited as key. St. Joseph hogs show modest quotes with lean categories around 37. Spread shows nonferrous metals pricing in New York with copper near 91 cents per pound, zinc near 53.3 cents, gold around 274 per troy ounce, silver about 4623 per troy ounce, platinum around 611.90 to 620.00.
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