Wal-Mart beats earnings amid dollar drag and store liquidations
Wal-Mart Stores Inc reports better than expected fourth quarter earnings as shoppers flock to its stores, lifting shares while the Dow slides on stimulus worries. The retailer warns on earnings due to a strong dollar and labor lawsuit charges, with Q4 profit down 7.4 percent to 3.79 billion dollars. CEO Mike Duke cites strong performance versus rivals as January closes and February starts well.
MENTIONED IN THIS ARTICLE
Wal-Mart Stores Inc
Wal-Mart
Circuit City Stores Inc
Linen 'N Things
Mike Duke
Wal- Mart
Liberty deal staves off Sirius bankruptcy
Sirius XM Radio faced likely bankruptcy until Liberty Media lent 530 million and blocked a Dish Network takeover bid led by Charlie Ergen. With 20 million subscribers, Sirius warned of bankruptcy if debt holders could not be persuaded, amid debt markets tightening and auto sales slumping reducing car package sales.
MENTIONED IN THIS ARTICLE
Sirius XM Radio Inc
Liberty Media Corp
Dish Network Corp
Charlie Ergen
Sirius
Sirius XM Radio
Howard Stern
GM and Chrysler seek $39 billion in aid
GM and Chrysler request a total of $39 billion in federal aid amid a deeper recession. GM plans cut 47,000 jobs and close five U.S. factories, while Chrysler will shed 3,000 more positions and halt three models. UAW reached a tentative deal with GM, Chrysler, and Ford on contract changes as conditions for bailout.
MENTIONED IN THIS ARTICLE
Detroit
General Motors
Chrysler
General Motors Corp
U.S
Chrysler LLC
United Auto Workers Union
Ford Motor Co
Local Stock Talk on PPE and Earnings Outlook
The report explains PPE projected price earnings ratio derived from upcoming twelve months earnings per share estimates from 1/B/E/S. It notes PPE’s lower than PE suggests higher future earnings potential, while higher PPE signals lower earnings prospects next year.
ANOxA moves veterinary research HQ to Lawrence Kansas
ANOxA Corp, a startup aimed at treating Exercise Induced Pulmonary Hemorrhage in performance horses, relocates its main office and R D to Lawrence from West Seneca New York. The company plans to hire seven more staff in five years and seeks FDA approval for its Eiphisol treatment with potential $200 million annual market. Resources from state bioscience authorities and local universities supported the move.
MENTIONED IN THIS ARTICLE
Lawrence
New York
Anoxa Corp
West Seneca
Kansas City
Herman Haenert
Anoxa
Second St
Haeénert
Kansas Bioscience Authority
Kansas Department of Commerce
Haenert
Jerry Guest
FDA
Center For Veterinary Medicine
Beth Johnson
Lawrence Chamber of Commerce
The
Bioscience Authority
State
Commerce Department
Kansas City Area Development Council
Kansas State University
Johnson
Aptuit Inc
Lynn Parman
Caution urged on foreclosures and bad debt relief schemes
Consumer Reports warns of foreclosure mail scams and dangerous high fee debt relief offers. Seek HUD certified housing counseling or the Homeowner's Hope Hotline for free or low cost help. Reverse mortgages should be last resort with HUD counseling. If debt is severe, negotiate with creditors directly rather than pay upfront fees.
MENTIONED IN THIS ARTICLE
Prearmines of Housing and Urban Development
Hud.gov
Hope
James Garner
Hud
Internal Revenue Service
Commodities slide on Chicago Board of Trade futures
Wheat and corn futures fell on Tuesday with March contracts for wheat, corn, oats, and soybeans all down. Livestock futures for live cattle, feeder cattle, lean hogs, and pork bellies also declined. Local price quotes from Ottawa, Edgerton, Overbrook, Midland, Lawrence and Pauline elevators list wheat, corn, milo and soybeans, with some NA readings. nonferrous metals and precious metals also shown.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade Agriculture
Chicago Board of Trade
Ottawa Cooperative Association
Ottawa
Milo
Edgerton
Overbrook
Midland
Lawrence North
Mila
Lawrence South
Also Mentioned on This Page
Lawrence Journal-World
Ljworld
Liberty
Tom Krisher
Ken Thomas
Associated Press
Treasury Department
Rick Wagoner
Aaron Bragman
IHS Global Insight
Troy
Mich
Fritz Henderson
Warren
Ljworld.com
Boeing
Csco
Cittaro
Duckwall
DUCK
ExxonMbt
FMC Corp
Gannett
Garmin
AB Integrys
NTC
IBM
IBM Static
Johnin
Macerich
Wb Merck
Microsoft
Oreiltya
ORLY
ASG Oracle
ORCL
SprintNex
Walls Fargo
Douglas
Aera
Halgate
Mark Fagan
Wheel Genius
Wheel
WheelGenius
Twitter.com
Pauline
Douglascountybank.com
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