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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Feb 12, 2002
Page
13
Heinz introduces Funky Fries a five item line of frozen potato products launching in May. The assortment includes sour cream and chives fries cinnamon sugar Cinna-Stiks Crunchy Rings Kool Blue and Cocoa Crispers designed to appeal to kids and shift grocery choices. Heinz dominates the frozen potato market earning 54 cents per dollar of sales last year.
Nortel Networks says chief financial officer Terry Hungle resigned abruptly after moving about 78,500 from a Nortel stock fund to a fixed income fund last March before a 5,000 job cuts announcement and profit forecast cut. He then moved 86,300 back to the stock fund in December after revised quarterly results.
More than 100 employers will line the Kansas Union fifth floor to meet about 1,800 KU students. The 12th annual Career and Employment Fair runs Wednesday and Thursday with internships and job opportunities. Sprint Corner and the U S General Services Administration plan on conducting on campus interviews Thursday and Friday.
The Treasury sold 16 billion in three month bills at a discount rate of 1.715 percent and 14 billion in six month bills at 1.810 percent. Both rates were the lowest since January 22. The discount yields imply 1.748 percent and 1.852 percent respectively on a $10,000 bill.
The Dow Jones rose 140.54 to 9,884.78 on low volume as bargain buying lifted markets for a second straight session. Nasdaq gained 27.78 to 1,846.66 and the S&P 500 added 15.72 to 1,194 as analysts warned the advance lacked conviction amid ongoing economic and earnings concerns.
Gap Inc faces a 16 percent January drop and a 21st straight monthly decline for stores open at least a year. The company plans a spring reboot with classics and updated flair while Moody's downgrades debt. Old Navy weakness and fierce competition from Kohl's Target and American Eagle Outfitters contribute to the struggle.
Dan Blomgren stocks over 2000 bottles in his Cork & Barrel stores and urges buyers to trust their own palate. He advises storing wine at 65 degrees or colder, tasting before buying, diversifying collections, and balancing price with value. Retailers can help with guidance within budget.
Monday closing bids for wheat corn milo and soybeans from Ottawa Edgerton Overbrook Midland Lawrence Pauline elevators with NA for some values plus USDA loan deficiency payments. St Joseph Missouri livestock quotes show estimated receipts 425 and prices for slaughter steers cows and bulls across grades. Nonferrous metal prices list gold and silver from Handy & Harman.
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