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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jan 27, 2006
Page
12
Sprint Nextel Corp. on Thursday cut 75 jobs at its Sprint North Supply unit in Gardner. The division employs about 1,100 people and posted 2004 sales around 800 million dollars. The moves accompany Sprint Nextel’s planned spin off of its local phone unit later this year.
YRC Worldwide Inc. said chief executive Bill Zollars will remain as CEO for five more years with a salary increase to 1 million dollars annually and a bonus raise to 125 percent of salary. He also becomes eligible for long term incentives up to three times his salary if financial goals are met. The firm posted Q4 earnings of 79.8 million dollars or 1.34 per share on 2.5 billion dollars revenue, up from 63.4 million and 1.24 per share on 1.8 billion last year.
The record lists Mark Fagan as business editor contact with phone 832-7188 and email mfagan at ljworld dot com for press inquiries and updates.
Susan Krumm of K State Research and Extension leads Douglas County fourth graders in a hand washing lesson during Slice of Agriculture at the Douglas County 4-H Fairgrounds. More than 800 students will tour farm exhibits, pet dairy cattle, ride tractors, and learn where food comes from as part of a program sponsored by 4-H, FFA chapters, and local agricultural groups.
Washington analysts warn the budget gap will hit at least 337 billion and could approach 400 billion due to tax cuts and hurricane relief and Iraq war spending. CBO data suggest Bush cannot meet his pledge to halve the deficit by 2009, with deficits exceeding 300 billion through the decade. The 2005 deficit stood at 319 billion. 2004 saw a record 413 billion.
Do not buy large items or incur new debt between loan approval and closing. Lenders may recheck credit and finances days before closing, risking cancellation of the preapproved mortgage if new debt or missing assets appear. Cash purchases can trigger asset verifications, threatening deposit loss and higher future costs.
Chicago Board of Trade soybeans and grains closed higher with March wheat at 3.44 1/2, corn at 2.17, oats down to 1.89 1/44, and soybeans up to 5.73. Beef futures gained on CME while pork slipped. live cattle and feeder cattle posted small gains and hog futures eased. Local elevator quotes show soybeans around 5.33 with wheat near 3.86 and corn at 1.92. nonferrous metals set spot prices with gold at 559.70 and silver at 9.564 per troy ounce.
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