Markets rally as tech shares lift blue chips gains
Tech stocks surged lifting blue chips and marking Nasdaq's first three day win since Labor Day. Hewlett Packard and Gateway warned on earnings erasing some gains in extended trading while Nortel Networks said layoffs of about 4000 workers offset by growth in optical and wireless units. Initial jobless claims fell to 345,000 though four week average rose signaling cooling hiring.
MENTIONED IN THIS ARTICLE
Hewlett-Packard
Gateway
Nortel Networks Corp
Nortel
Merrill Lynch
Stan Shipley
Labor Department
Trailmobile to close Liberal plant cutting jobs
Trailmobile Trailer LLC will shut down its Liberal plant today, costing about 160 workers their jobs. The Chicago based company cites shrinking demand for truck trailers as the reason for the indefinite shutdown. About 170 people are employed there with some salaried staff possibly reassigned to other plants while hourly workers lose their positions.
MENTIONED IN THIS ARTICLE
Trailmobile Trailer LLC
Liberal
Trailmobile
Tim McConnell
AOL Time Warner merger cleared FCC approval
The FCC approved the 106 billion AOL Time Warner merger, creating the largest U.S. media group. The deal unions AOLs 26 million subscribers with Time Warners CNN HBO Sports Illustrated and Warner Bros under antitrust safeguards and mandated access to AOLs messaging via Time Warners cable lines. The commission also flagged possible rules on interactive TV and rival access to new services.
MENTIONED IN THIS ARTICLE
Washington
America Online
Time Warner
Federal Communications Commission
AOL Time Warner
U.S
CNN
HBO
Sports Illustrated
Warner Bros
FCC
AOL
Federal Trade Commission
Highspeed Internet Access
Microsoft
ExciteAt Home
At&t
Gloria Tristani
Sion
Kansas Wheat Seedings Up Despite National Decline
Kansas farmers plant more winter wheat than the nation, with Kansas seedings up 14 percent in the 14-county East-Central District and 15 percent in the Northeast District. Total Kansas wheat area inches toward 9.8 million acres, while U.S. plantings fall to the smallest since 1971. Kansas remains the leading wheat producer.
MENTIONED IN THIS ARTICLE
Kansas
U.S. Department of Agriculture
Douglas
Franklin
Johnson
Shawnee
Jefferson
Leavenworth
Brett Myers
Kansas Association of Wheat Growers
Myers
Texas
Oklahoma
Missouri
Hewlett-Packard trims profit forecast amid slower IT spending
Hewlett-Packard warns of lower first quarter results and reduced revenue growth due to deteriorating market conditions. CEO Carly Fiorina cites softer U.S. consumer IT spending and persistent uncertainty, narrowing guidance to 35–40 cents a share and low to mid single digit revenue growth for Q1.
MENTIONED IN THIS ARTICLE
New York
Hewlett-Packard Co
Hewlett-Packard
First Call
Thomson Financial
Hewlett
Packard
Bell
U.S
Carly Fiorina
United States
Commodities and livestock quotes from several elevators
Farmers Cooperative Assn South Elevator Wheat and soybeans quoted at 4.49 and 4.49 respectively with milo at 1.78 and corn at 1.93. Midland Elevator Wheat and corn at 1.93 with soybeans 4.49. North Elevator Wheat 3.05 and corn 1.93. soybeans 64.49 and milo 1.78. USDA loan deficiency payments set for oats 0.10 and soybeans 0.61. Slaughter hog receipts estimated 100. barrows and gilts 1.00 lower. loans 34.00 to 34.50 for 230-270 lb and 33.00 to 34.00 for 270-290 lb. Nonferrous metals prices listed: aluminum 72.2 cents per lb. gold 264.15 per tray oz. silver 4.580 per ounce.
MENTIONED IN THIS ARTICLE
Farmers Cooperative Assn
South Elevator
Milo
Midland
North Elevator
USDA
New York
London
Handy & Harman
Also Mentioned on This Page
Nortel Toax
Liberal Trailer Plant
Nass
Apes
Sda
Ren
Art Richardson
journal-World Phott
Siemens Transportation Systems Inc
Germany
Jim Morrison
European Union
Morrison
Kansas University
KU School of Business
Kansas Union
Bridge News
St. Joseph Livestock
St. Josep, Mo
Hedges Real Estate Inc
HedgesRealEstate.com
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