Retailers' results mixed as Eckerd sale hits Penney
J C Penney Co reports a fourth quarter loss of 3.42 dollars per share after selling Eckerd Drug Stores, vs 0.68 profit a year earlier. Gap, Kohl's, and American Eagle Outfitters posted lower earnings. all four firms run stores in Lawrence. A shopper exits a Gap in San Francisco.
MENTIONED IN THIS ARTICLE
Eckerd
J.C. Penney Co
Gap Inc
Kohl's Corp
American Eagle Outfitters
Lawrence
San Francisco
Factory orders fall as aircraft bookings drive downturn
Durable goods orders declined 1.8 percent in January led by a drop in commercial and military aircraft bookings. The Commerce Department data shows overall weakness masking gains in other sectors as manufacturers try to sustain the recovery after December’s revised 1.6 percent rise.
MENTIONED IN THIS ARTICLE
Commerce Department
Boeing wins ruling in Wichita discrimination case
A federal judge in Wichita reversed earlier moves, stripping class-action status for most claims in a sex discrimination suit against Boeing at the Wichita plant. The judge granted summary judgment for Boeing on overtime pay claims and left salaried employee claims unresolved from an April ruling.
MENTIONED IN THIS ARTICLE
Boeing Co
Wichita
U.S
Wesley Brown
Brown
Boeing
Mortgage rate steady at seven month low this week
Freddie Mac reports the average rate on 30 year fixed mortgages held at 5.58 percent, unchanged from last week and the lowest since 5.52 percent for the week ending July 11. Rates for other mortgage types were mixed in the weekly nationwide survey.
MENTIONED IN THIS ARTICLE
Freddie Mac
Government moves to block Oracle PeopleSoft merger
The Justice Department filed a suit in San Francisco to stop Oracle Corp and PeopleSoft Inc from merging, saying the $9.4 billion hostile takeover would raise prices, curb innovation and limit choices. Seven states joined the action as Oracle plans to fight and press ahead.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
Oracle Corp
PeopleSoft Inc
R. Hewitt Pate
U.S. District Court
San Francisco
Oracle
PeopleSoft
Buffett edges Gates for best year on Forbes list
Forbes annual billionaires ranking shows Bill Gates at 46.6 billion and Warren Buffett rising 12.4 billion to 42.9 billion, narrowing the gap. J K Rowling and Google founders join the top ranks as stock rallies and a strong euro boost overall wealth totals to a record-long list.
MENTIONED IN THIS ARTICLE
New York
Harry Potter
J.K. Rowling
Google
Forbes Magazine
Microsoft
Bill Gates
Warren Buffett
Gates
Forbes
Buffett
Karl Albrecht
Saudi Arabia
Prince Alwaleed bin Talal Alsaud
Paul Allen
Walton Family Tops Billionaire List Amid Global Surge
The top ten include Helen Walton and four family members tied for sixth, each worth about 20 billion. The Walton clan’s fortune exceeds Gates and Buffett combined. Overall, 587 billionaires were counted worldwide, up from 476 in 2003, with total net worth rising to 1.9 trillion from 1.4 trillion.
MENTIONED IN THIS ARTICLE
Helen Walton
Wal-Mart
Sam Walton
Walton
Gates and
Buffett
Creekstone Farms to test all slaughtered cattle for BSE
Creekstone Farms plans 100 percent voluntary BSE testing at its Arkansas City plant, aiming to reassure buyers including Asian markets. If federal approval is not secured within 60 days, 10 to 15 percent of the 750 strong workforce could be laid off amid losses and reduced operations.
MENTIONED IN THIS ARTICLE
Wichita
Kansas
Arkansas City
U.S
John Stewart
Creekstone Farms
Japan
Agriculture Department
J.B. Penn
Farm and Foreign Agricultural Services
Department
Creekstone Falls
Stewart
Chuck Knapp
Todd Tiahrt
R-Kan
Tiahrt
USDA
Judge overturns Hallmark verdict in ribbon curling patent case
A federal judge in Kansas City invalidated the patents at issue and overturned the jury’s 8.9 million damage award against Hallmark Cards Inc in a patent infringement suit. Group One and Fredric Goldstein alleged Hallmark stole ideas for ribbon curling machines. Hallmark said the original issues were unfounded and planned to appeal.
MENTIONED IN THIS ARTICLE
Kansas City, Mo
Hallmark Cards Inc
Hallmark
Group One
Fredric Goldstein
U.S
Dean Whipple
U.S. Patent and Trademark Office
Julie O'Dell
Goldstein
Also Mentioned on This Page
Wichita Boeing
Pate
Redwood Shores
Calif
Pleasonton
Microsoft Corp
World Economic Forum
Davos
Switzerland
William Gates
Nebraska
Berkshire Hathaw
Germany
Prince Alwaleed Binfala Alsaud
Paul Alten
Investments
Alice Walton
Texas
Arkansas
Jim Walton
John Walton
Rabson Walton
AP Graphic
Meatpacker
Harper
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