Disney gains lift from movies and parks despite Internet losses
Disney reported 594 million dollars in income on 7.31 billion revenue, excluding its Internet group, with gains from films and theme parks helping offset an ABC ad slowdown. Including Internet losses, net income was 341 million, or 16 cents per share, versus 278 million prior year. Analysts expected 15 cents. Sunbeam seeks Chapter 11 protection amid a 2.6 billion debt and costly shareholder lawsuits. Bush unveils 1.6 trillion tax plan to aid small businesses, aiming to consolidate tax brackets. JDS Uniphase to sell Swiss unit to Nortel for 2.5 billion in stock plus contingent up to 500 million.
MENTIONED IN THIS ARTICLE
Walt Disney Co
Internet
ABC Disney
Walt Disney Internet Group
Sunbeam Corp
Mr. Coffee
First Alert
Coleman Outdoor
Sunbeam
New York Stock Exchange
Jerry Levin
Bush
Congress
JDS Uniphase Corp
Nortel Networks Corp
Justice Department
SDL Inc
Jozef Straus
JDS Uniphase
Brampton
Ontario
FCC chief touts deregulation and competition
FCC chief Michael Powell argues deregulation spurs entry and consumer choice, contrasting with prior warnings about opening markets too soon. He cites AT&T cable acquisitions and cable firms behind fast Internet, while noting questions remain on forcing open line access for multiple ISPs.
MENTIONED IN THIS ARTICLE
FCC
Powell
Colin Powell
Consumers Union
Bell
At&t
Cisco profits miss target as earnings lag estimates
Cisco Systems Inc reports second quarter profits of 874 million dollars or 12 cents a share, missing analysts' 19 cent expectation. Revenue rises to 6.75 billion dollars, up 55 percent year over year, with warning from John Chambers that the quarter was more challenging though long term outlook remains strong. The stock trades at 35.94 near close, slipping after hours to 33.88.
MENTIONED IN THIS ARTICLE
San Jose
Callif
Cisco Systems Inc
Wall Street
U.S
Cisco
First Call
Thomson Financial
John Chambers
Seth Spaulding
Epoch Partners
Chambers
Voter.com political site shuts down after losses
Washington AP report on Voter com closing after failed funding despite backing from parties and groups including Bernstein. CEO Justin Dangel cites financial market conditions. 45 employees to be laid off. Site offered issue explainers, campaign data links, and opinion columns from Tucker Carlson and Eleanor Clift. Formed 1999, launched 2000, 8 million page views on Election Day. Other major sites also cutting staff as ad revenue underperforms.
MENTIONED IN THIS ARTICLE
Washington
Voter.com
Watergate
Carl Bernstein
Justin Dangel
CNN
Tucker Carlson
Newsweek
Eleanor Clift
News Digital Corp
Cnn.com
New York Times Digital
Local market and commodity prices from regional elevators and markets
As of Tuesday close, Farmers Cooperative Assn South Elevator Wheat and soybeans at 4.35, milo 1.74, corn 1.86. Midland Elevator Wheat and corn 1.86, soybeans 4.35, milo NA. North Elevator Wheat 2.80, soybeans 4.35, milo 1.74, corn 1.86. USDA Loin Deficiency payments list corn 0.03, oats 0.13, soybeans 0.95. Dodge City livestock market reports light inquiry with 17,300 head cattle previously contracted. bids not established Tuesday. Hog receipts 250, barrows and gilts 0.50 lower. lean percentages and weights listed. Nonferrous metals prices in New York: aluminum 73.3 cents/lb, copper 87.0 cents, zinc 52.45-52.95 cents, gold 262.70 per troy oz, silver 4685. Mercury 150.00 per 76 lb flask.
MENTIONED IN THIS ARTICLE
Farmers Cooperative Assn
South
Milo
Midland
North
USDA
Dodge City
St. Joseph
Joseph
New York
London
U.S
Handy & Harman
Mercury
Also Mentioned on This Page
Walt Disney
Nortel
Michael Powell
Federal Communications Commission
Miss Target
Www
Cisco.com
Ae As
Sexy
Missy
Journal-World
Lawrence
Ottawa
Quilser
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!