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Lawrence Journal World in Lawrence, Kansas

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Feb 20, 1990

Page

5

Davol seeks city approval for 125 jobs expansion plan

Lawrence officials weigh a site plan allowing Davol Inc to redevelop the former Kansas Color Press building on 11 acres. The project, in seven phases, aims to complete in one year with potential hires up to 125 over two years. Construction would start in spring after renovations begin next month.

Lawrence City Commission Davol Inc E. 22Nd Kansas Color Press Davol Dan Scheck Scheck

Stocks of local interest and market drop in New York trading

Local farm shares list Farmers Co-Op and Midland Elevator quotes for Wheat Corn Soybeans and Payment-in-Kind certificates. In New York, the Dow fell 31.99 to 2603.60 as rates rose, with 237 up, 1116 down and 407 unchanged on 54.20 million shares. Bond yields climbed to 8.62-8.65 percent. blue chips including Philip Morris GE AT&T IBM fell. Kansas City hog quotations show liveweight ranges and price shifts.

NEW York NYSE Amrich IBM Amoco Ye Kmart Nya VM Aristecs BakrHu McDais Merck BellSo MerLyn Morgan Bordens Nortro Nynex OcciPet PacTel PepsiCo Rover Entergy Exxon Schimb Sears Gannett Farmers Co-Op Lawrence Wheat Midland Elevator New York Stock Exchange Wall Street Philip Morris General Electric American Telephone & Telegraph

Pittsons coal miners end strike in Appalachia pact

Pittston Coal Group strike ends as 1,695 United Mine Workers members in Virginia West Virginia and Kentucky approve a contract for job security and benefits while allowing around the clock operation and weekend shifts. Virginia locals vote 2-1 in favor, Logan County West Virginia tally 171-113, Kentucky locals reject 96-93 amid pending discipline for 13 miners. UMW Vice President Cecil Roberts set to announce official results today.

Castlewood Pittston U.S United Mine Workers Virginia West Virginia Kentucky UMW Logan County W.va Danny Wells Cecil Roberts Union Southwest Virginia

Greenspan faces lawmaker scrutiny on inflation policy

Federal Reserve Chairman Alan Greenspan told Congress the economy likely escaped a near-term recession and should grow modestly this year. He warned growth will be weaker than the Bush administration projects, potentially jeopardizing deficit reduction hopes. Markets moved lower on his remarks as investors priced in higher rates and slower growth. He cited early 1990 data showing a tentative rebound, but noted inflation remains a concern and policy may tighten to curb it if needed.

Washington Federal Reserve Alan Greenspan Greenspan Congress Federal Reserve Board GNP Fed

Treasury borrows more for S and L costs

The Treasury announced it will borrow 6 billion more than planned in the January March quarter to cover savings and loan bailout needs. Total market borrowing is now 47.6 billion, including 34.4 billion issued or announced through February 16.

Washington Treasury Department Treasury

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