Lowe's profits rise but shares fall on forecast
Lowe's Cos Inc posted a 28 percent rise in fourth quarter profit to 407 million dollars or 5 cents a share for the quarter ended January 30, up from 319 million or 40 cents a year ago. Despite the gain, investors drove Lowe's shares down 1.71 dollars to 56.67 on the NYSE as the company forecast weaker results ahead.
MENTIONED IN THIS ARTICLE
Lowe's Cos. Inc
Home Depot
Wall Street
Lowe's
Michael Baker
Deutsche Bank
New York Stock Exchange
Real estate lifts U.S. household finances says Greenspan
Federal Reserve Chairman Alan Greenspan told credit union attendees in Washington that U.S. households hold more than 14 trillion dollars in real estate assets, nearly twice their mutual fund and stock holdings. He noted rising real estate values over two years helped cushion stock losses and support spending.
MENTIONED IN THIS ARTICLE
Federal Reserve
Alan Greenspan
Greenspan
Credit Union
Washington
U.S
Citigroup to buy KorAm Bank in South Korea deal
Citigroup agrees to acquire KorAm Bank for up to 2.73 billion, marking the first foreign banking takeover in South Korea’s financial sector. Regulation must approve the deal, which could boost Citi’s consumer banking in Korea and lift the nation's image. Tulsa’s Oneok reports 2003 earnings of 2.13 per share, up from 1.30 in 2002, with Q4 earnings at 0.65 per share.
MENTIONED IN THIS ARTICLE
U.S
Citigroup
KorAm Bank
South Korea
Korea
Oneok Inc
Kansas
Defense witness bolsters Stewart's story in ImClone case
Heidi DeLuca testified that broker Peter Bacanovic said he could set a floor price of 60 or 61 dollars for Martha Stewart's ImClone shares long before her Dec 27 2001 sale, undercutting the government claim of a later cover story. Judge Cedarbaum delayed ruling on charges as Cosby attended in support of Stewart.
MENTIONED IN THIS ARTICLE
Heidi DeLuca
Stewart
DeLuca
Peter Bacanovic
Martha
U.S
Miriam Goldman Cedarbaum
Martha Stewart
Bacanovic
ImClone
Sam Waksal
Waksal
Bill Cosby
Cosby
East Lawrence to begin co housing project near 1200 Delaware Street
Investors with Delaware Street Commons plan a 22 unit co housing development on 2.2 acres at 1200 Delaware Street in East Lawrence. Construction likely to start after city commission approval in May or June with a 2750 square foot community center and shared facilities. Prices range from 100000 to 200000, and 10 units already have buyers including Karen Kipp of Lenexa. Rich Minder notes the project aims to foster neighbor connection while not changing ownership structure.
MENTIONED IN THIS ARTICLE
Lawrence
Bbicapine
Monay
Delaware Street Commons
Delaware Street
Rich Minder
East Lawrence
Minder
Edwardsville
Lawrence-Douglas County
City Hall
Karen Kipp
Lenexa
Kipp
Scott McClurg
Journal-World Photo
Agriculture groups oppose stricter rules for chemical use
Kansas farmers face a bill requiring registration of self propelled equipment that can carry 200 gallons or more of liquid fertilizer or chemicals. The Kansas Agribusiness Retailers Assn backs registration to monitor compliance, while producer groups call it redundant and costly.
MENTIONED IN THIS ARTICLE
Wichita
Kansas Agribusiness Retailers Assn
Kansas Corn Growers
Kansas Sorghum Growers
Greg Shelor
Kansas Grain Sorghum Producers Assn
Shelor
Grain and livestock futures rise on Chicago markets and local price quotes
Wheat, corn, oats, and soybeans posted gains on the Chicago Board of Trade and Mercantile Exchange led by March wheat up to 3.91 a bushel and cattle and hog futures finishing mixed. Local elevator quotes show varied prices for wheat corn and soybeans with several mills listing NA for some grains. Metals wrap included spot zinc gold silver and platinum prices in New York trading.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago Mercantile Exchange
New York
Also Mentioned on This Page
Lowe
International Citigroup
ImClone Systems
Stena
Co-housing Development Lands Builder
Chad Lawhorn
Doug Wareham
The
Retailers Association
Wareham
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland Elevator
Lawrence North
Lawrence South
Pauline
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