Leucadia to Seek Antitrust Clearance for MCI Majority Buy
Leucadia National Corp intends to file with the FTC and DOJ to acquire a majority stake in MCI Inc, the No. 2 long distance carrier. The move could invite other bidders, with Sprint, SBC, and BellSouth previously noted as evaluating a purchase.
MENTIONED IN THIS ARTICLE
Leucadia National Corp
MCI Inc
Leucadia
MCI
Federal Trade Commission
Department of Justice
WorldCom
The
Wall Street Journal
Overland Park
Google plans $27 billion Nasdaq IPO in bid to list
Google Inc aims to list on Nasdaq for its upcoming IPO valued at $27 billion and at least $20 billion market value. Thirty brokerages will run the online public auction to set the offering price. No date or ticker symbol was provided in the SEC filing.
MENTIONED IN THIS ARTICLE
Google Inc
Securities and Exchange Commission
Mountain View
Calif
Google
SEC
Wall Street Tech Sector Hit By Analyst Downgrade
An analyst downgrade of the semiconductor sector dragged technology shares lower on Monday while the broader market closed mixed. Merrill Lynch cut the sector from overweight to underweight due to weaker demand for personal computers and corporate hardware and downgraded Intel ahead of its earnings release.
MENTIONED IN THIS ARTICLE
Merrill Lynch
Intel Corp
Visa launches limousine offer to lure high spenders
Visa USA debuts a marketing blitz for its Signature card by sending 50 limousines to Chicago O’Hare to shuttle affluent customers into town. The campaign targets the “new affluent” with household income of at least 125000 dollars as it faces American Express in the luxury market.
MENTIONED IN THIS ARTICLE
Visa USA
Visa
Chicago
O’hare
American Express Co
Morgan Stanley settles sex bias suit for 54 million
Morgan Stanley agreed to a 54 million settlement with the EEOC over a pattern of discrimination denying women promotions and paying men more. The agreement includes 12 million for lead plaintiff Allison Schief felin, a 40 million claims fund for women, and 2 million for gender diversity programs overseen by an outside monitor. Schiefelin described a hostile workplace with sexist comments and outings to topless bars.
MENTIONED IN THIS ARTICLE
Allison Schieffelin
New York
Morgan Stanley
Equal Employment Opportunity Commission
Schieffelin
Wall Street
EEOC
U.S
Richard Berman
Ally
Berman
Overbrook Livestock Barn Sold to Longtime Employee
John and Joyce Dillon sell the Overbrook Livestock Commission to Rob and Debbie Glass after 19 years of ownership. The sale keeps the small town barn local with no planned changes, and the Dillons cite high cattle prices and a stable market as key factors. The barn runs Mondays with 30 part time staff and draws buyers from Kansas Oklahoma Texas and Missouri.
MENTIONED IN THIS ARTICLE
Overbrook
Overbrook Livestock Commission
John
Joyce Dillon
Rob Glass
Debbie
John Dillon
Florida
Rob
Debbie Glass
Dillons
Lawrence Livestock Commission
Glass
Cally
Kansas
Missouri
Oklahoma
Texas
Bill Rice
Baldwin
Rice
Rob Gloss
Gloss
Government predicts record U S corn crop this year
The Agriculture Department forecasts a U S corn harvest of 10.6 billion bushels, a new record up 521 million from last year, with good weather cited and exports expected to fall about 90 million bushels. Soybeans and wheat forecasts also revised downward with prices noted.
MENTIONED IN THIS ARTICLE
U.S
Washington
Agriculture Department
Department
Argentina
United States
South America
China
Commodity futures edge up on CBOT and CME trading
Soy futures moved mixed as wheat rose to 3.45 1/2 a bushel for September and corn climbed to 2.48 a bushel while oats advanced to 1.38. August soybeans fell 28 cents to 7.86. Live cattle traded 83.67 cents a pound and feeder cattle rose to 1.1355 per pound as pork futures advanced on the CME.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago Mercantile Exchange
Agricultural and metal market roundup from Ottawa area elevators
Monday market snapshot shows hog and pork price shifts with hogs up 12 cents to 76.32 per hundredweight and pork around 1.77 dollars per pound. Local grain bids listed for Ottawa, Edgerton, Overbrook, Midland, Lawrence, Pauline elevators with wheat around 3.49, corn 2.18, milo 2.03 and soybeans near 8.91 to 8.96. Nonferrous metals quoted in New York include gold, silver, platinum with prices about spot levels and contract figures.
MENTIONED IN THIS ARTICLE
Ottawa Cooperative Assn
Ottawa
Edgerton
Overbrook
Midland
Milo
Lawrence North
Lawrence South
Pauline Elevator
New York
N.Y
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Pentagon
Air Force
Harry Stonecipher
Frankfurter Allgemeine Zeitung
Wichita
Internet
Credit Visa
Business Lawrence Journal-World
Ljworld.com
By Chad Lawhorn
Chad Lawhorn
Richard Gwin
Journal-World Photo
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