Global One resolution nears as partners weigh sale
Industry sources say Deutsche Telekom AG France Telecom and Sprint Corp near an agreement to unwind the money-losing Global One international joint venture. Sprint which owns about half of Global One may sell its stake to focus on its $115 billion MCI WorldCom takeover. France Telecom and Deutsche Telekom each hold about 25 percent of the venture, valued at more than $10 billion last fall. It remained unclear which European partner would control the venture after the deal.
MENTIONED IN THIS ARTICLE
Deutsche Telekom AG
France Telecom
Sprint Corp
Global One
Sprint
U.S
MCI WorldCom Inc
Deutsche Telekom
Record car and truck sales slow expected in 2000
Booming 1999 sales kept GM’s Janesville Wisconsin plant busy with overtime on sport utility and trucks. Analysts say 2000 will bring a slowdown, with near record December pace and a projected drop in yearly U.S. car and truck volume. Wendy’s Hong Kong outlets closed amid steep losses, with a franchisee abandoning operations and notices to workers citing weak economy.
MENTIONED IN THIS ARTICLE
Janesville
Wis
United States
Ina
Wendy’s International Inc
Hong Kong
Wendy’s
Hong Kong Standard
Wall Street Falls as Rates Fears Hit Stocks Hard
Shares dropped on fears of higher interest rates with the Dow losing 359.58 to 10,997.93 and the Nasdaq down 229.46 to 3,901.69. The S&P 500 fell 55.80 to 1,399.42 as investors weighed Y2K resolution against continued growth and potential Fed rate hikes.
MENTIONED IN THIS ARTICLE
New York
Standard & Poor
Federal Reserve
County construction rises in Douglas County amid statewide slowdown
A new Dodge report shows Douglas County November contracts at 9.7 million, up 24 percent from a year ago, with 1999 year to date at 157.3 million, as nonresidential and residential sectors diverge nationally. statewide November totals fall 4 percent to 293 million, with nonbuilding work at 87 million.
MENTIONED IN THIS ARTICLE
Douglas County
Dodge
McGraw-Hill Cos
Spending Surges in November Across Highways and Schools
U S government data show construction spending rose 2.6 percent in November, the largest gain in 17 months, driven by higher government outlays for highways and schools. Private construction climbed 1.7 percent to a $549.8 billion annual rate, with home building and apartments rising. Weather likely aided activity, economists say.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Merrill Lynch
Stan Shipley
Market snapshot across farms and livestock sales noting prices
As of Tuesday close farm markets list Wheat 2.17 Soybeans 4.31 Milo 1.48 Corn 1.69 at multiple elevators with NA in places. USDA loan deficiency payments set Wheat 0.50 Corn 0.19 Oats 0.14 Soybeans 1.01 Mile 0.00. Dodge City feedlot sales quiet. 27,700 head contracted. bids 67-71. last sales 68-68.50. St Louis and New York spot prices show hogs 35.00-35.50. copper 83.80 cents. aluminum 73.0 cents. silver 5.30.
MENTIONED IN THIS ARTICLE
Farmers Cooperative Assn
South Elevator
Milo
Midland Elevator
North Elevator
USDA
New York
London
N.Y
Golu
Handy & Harman
Also Mentioned on This Page
Dow Industrials
S&p
Treasury
Chicas Board of Trach
Board of Trac
Ratigas City
Hank Herrmann
Waddell & Reed
Overland Park
Kan
Herrmann
Fed
AP Phigra
Chicago Board of Trade
Chicago
Tribe
Trilion
Mark Fagan
Milagan
Ijworld
Dodge City Livestock
Kansas
St. Joseph Livestock
St. Josep, Mo
Lawrence.com
Savannah Gos
Ton Si
Iy Equipmert Amd
Neces HN
Mediterranean
Nanny
Cella
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