State Legislature hammers tax change limits for business
Kansas House Speaker Doug Mays and Senate President Dave Kerr told about 200 business executives there has been no serious talk of a business tax increase in 2002. They urged avoiding repealing sales tax exemptions and redirecting Lottery funds, while Kerr called for broader local government consolidation to reduce costs. Lew Ebert echoed the call to avoid tax hikes, stressing the fragile state balance and long term risks.
MENTIONED IN THIS ARTICLE
Topeka
Kansas House
Senate
House
Doug Mays
Dave Kerr
Kansas Chamber of Commerce and Industry
Kerr
Hutchinson
Mays
Kansas
Lew Ebert
Ebert
Broadcasters oppose sales tax exemption repeal plan
A Kansas House Taxation Committee hearing reviewed repealing about 70 sales tax exemptions in a bid to raise roughly 3.5 billion dollars annually. The measure aims to address a 750 million dollar budget gap next year, with opposition from KSNT general manager Gary McNair noting potential advertiser loss as costs shift to national accounts.
MENTIONED IN THIS ARTICLE
Topera
House
House Taxation Committee
John Edmonds
Gary McNair
KSNT
Topeka
Pny
McNair
Computers and appliances lift December factory orders
The Commerce Department reported U S factory orders rose 0.4 percent in December after a 0.8 percent drop in November. Demand for computers and household appliances offset declines in autos and other transport gear, beating analysts’ 0.3 percent forecast. Louie Soria works on the Dell Computers assembly line in Austin, Texas.
MENTIONED IN THIS ARTICLE
Commerce Department
U.S
Louie Soria
Dell Computers
Austin
Texas
KU graduate named Shell Canada chief executive
Linda Zarda Cook, KU petroleum engineering graduate and Kansas City native, was named president and CEO of Shell Canada, replacing Tim Faithfull who retires in July. Cook, 44, leads Royal Dutch Shell’s global Gas and Power unit in London and has worked at Shell Oil since 1980. Goodyear ends quarterly dividend to boost cash flow by 84 million annually as shares slide.
MENTIONED IN THIS ARTICLE
Kansas University
Linda Zarda Cook
Shell Canada
Canada
Cook
Tim Faithfull
Royal Dutch/Shell Group
London
Kansas City
Kan
Shell Oil
Goodyear Tire & Rubber Co
Goodyear
Topeka
American Airlines seeks steep labor cost cuts in bid to save 1.8B
American Airlines urged employees to accept major wage, benefit and work-rule reductions to save about 1.8 billion annually as losses mount. AMR Corp says 2002 losses reached 3.5 billion, with daily cash burn around 5 million and 2 billion in unrestricted cash on hand. The plan includes closing two reservation centers and cutting 900 jobs in Norfolk Virginia and Las Vegas.
MENTIONED IN THIS ARTICLE
New York
American Airlines
American
America
Ka Airlines
AMR Corp
Norfolk
Las Vegas
Fort Worth
Texas
Lean economy may boost health say researchers
A National Bureau of Economic Research paper by Christopher J. Ruhm finds that during job slumps both unemployed and stably employed people often adopt healthier habits. He notes increases in exercise and decreases in overeating and missed medical visits, with the heaviest smokers and most obese groups showing the largest changes, though mental health may diverge and long term growth remains beneficial.
MENTIONED IN THIS ARTICLE
Boston
National Bureau of Economic Research
Cambridge
Mass
Christopher J. Ruhm
Ruhm
Johns Hopkins University
M. Harvey Brenner
University of North Carolina-Greens
Boro
Brenner
Bangladesh
United States
HCA reports quarterly loss amid $631 million government settlement
HCA Inc the largest for profit hospital chain posted a 102 million loss in the fourth quarter tied to a 631 million government health care fraud settlement. Excluding charges, earnings were 63 cents per share vs 47 cents prior year and above analysts 60 cents. The firm employs 178000 people runs 179 hospitals and pursues Health Midwest 13 hospitals in MO and KS. NYSE shares closed at 40.55, down 0.70.
MENTIONED IN THIS ARTICLE
Nashville, Tenn
HCA Inc
HCA
Thomson First Call
Health Midwest
Missouri
Kansas
New York Stock Exchange
Also Mentioned on This Page
Chad Lawhorn
KU Graduate
Wall Street
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