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Lawrence Journal World in Lawrence, Kansas

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This newspaper page contains 8 articles. Subscribers can read the full text of each article.

Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Jan 12, 1999

Page

2

Record December boosts Lawrence building totals in 1998

A late surge in December lifted Lawrence construction value to 141.06 million for 1998, surpassing 1997 by 13.64 million and marking the second-highest year on record behind 1996. The year featured large retail and industrial projects plus a record 46 new homes in December, with major sites at East Hills Business Park and South Iowa Street.

Lawrence Gene Shaughnessy City Hall Dic Corpus Christi W. 15Th ProSoCo Inc Greenway Cir East Hills Business Park Iowa Street Shaughnenty Home Depot Shaughnessy Dillon Food Stores Hy-Vee Food Stores West Sixth Street

BAT to Buy Rothmans in $7.48 Billion Merger

British American Tobacco plans to acquire Rothmans International for 7.48 billion dollars, creating a new group with about 16 percent of the world cigarette market and making it the second largest behind Philip Morris. The deal combines Kent, Lucky Strike, Dunhill, Benson and Hedges, Peter Stuyvesant, Rothmans and Parisienne under British American Tobacco PLC.

PEC Kent Rothmans International Philip Morris Cos Philip Morris BAT Rothmans Lucky Strike Dunhill Benson and Hedges Peter Stuyvesant Parisienne British American Tobacco PLC

Goldman Sachs shakes up management

Goldman Sachs & Co. announces leadership changes after a disappointing year end. Jon Corzine steps down as co chief executive but remains co chairman to push plans to take the firm public. Henry Paulson Jr becomes sole CEO while John Thain and John Thornton are named co chief operating officers.

Goldman Sachs & Co Jon Corzine Cochief Corzine Goldman Sachs Henry Paulson Jr John ‘Thain John Thornton Thain Thornton

GM outlines realignment plan to replace unprofitable plants

General Motors plans Project Yellowstone to swap aging plants in Lordstown Ohio and Lansing for smaller modular facilities. The move targets cost cuts and greater flexibility, with a redesigned small-car plant in Ingersoll Ontario already approved in partnership with Suzuki.

General Motors Corp Mark Hogan Automaker Ingersoll Ontario Suzuki Motor Corp Japan

Bank Exhibit Chronicles Early U S Currency History

Douglas County Bank hosts a Federal Reserve Kansas City display on fractional currency gold certificates and bank notes. The exhibit runs 830 AM to 500 PM through Friday at 300 W Ninth with contact Deb Gruver at 832 7165 or dgruver ljworld com.

Cates Douglas County Bank Federal Reserve Bank of Kansas City Federal Reserve Milstead Oklahoma Ninth Deb Gruver Dgruver Ljworld.com Kansas City Shipley Bonday Jessa Hall Lawrence

Net shares surge after 2-for-1 stock split

New York Internet broadcaster Broadcast.com shares rocketed 44 percent after announcing a 2-for-1 split for holders of record Feb 1. The stock closed at 285.06 on Nasdaq after an 87.56 gain, joining CMGI Yahoo! and Go2Net in sharp Internet stock gains amid a broader tech rally. E Trade also climbed as revenues rose but profitability remained elusive.

New York Broadcast.com Inc Broadcast.com Com Cmgi Inc Yahoo! Inc Go2Net Inc E+Trade Group Inc

Market and livestock prices and quotes update

As of Monday closing, Farmers Cooperative Assn quotes South Elevator Wheat at 2.79, soybeans 5.21, milo 1.66, corn 1.88. North Elevator Wheat 2.84, soybeans 5.21, milo 1.66, corn 1.93. Dope Carry Kansas feedlot sales show 100 head confirmed in a quiet market with light inquiry and demand. Slaughter cattle activity includes 14,000 head weekly, mostly contracted, with firmer steer and heifer trends and varied cut scores. hog receipts estimated 800 with steady to mixed changes by weight. Metal prices report nonferrous spot moves in aluminum, copper, lead, zinc, tin, gold, silver, mercury, platinum across major exchanges.

Farmer's Cooperative Assn South Elevator Milo Midland North Elevator USDA Kansas New York London U.S N.Y Handy & Harman

Lucent to buy Kenan for 1.4 billion in stock

Lucent Technologies plans to acquire billing software firm Kenan Systems for about 1.4 billion in stock while negotiating to buy Ascend Communications for over 16 billion. Officials from Lucent and Ascend are expected to meet today as the talks advance. Industry sources say a deal could be announced soon.

New York Lucent Technologies Inc Kenan Systems Corp Lucent Ascend Communications Inc Ascend DNY New Jersey

Also Mentioned on This Page

Journal-World Business EnsTor Richard Brack Rorack Iworld.com Barry Nichol Wjournal World Graphic Dow Industrials S&p Treasury Chicane Board of Trade City Board of Trade Tobacco Phillip Morris United States Jean Milstead Fucnano Gu Dodge City Livestock B Joseph Livestock Joseps Kenan J-W Wire Reports Asok. T
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