Utilities merger praised by analyst for Western Resources KCPL deal
Institutional Shareholder Services urged a vote for the Western Resources and Kansas City Power & Light merger citing favorable pricing strategic merits higher KCPL dividend and fair opinions from advisors. SBC reports Q2 profit rise 19.6 percent to 966 million driven by core local telephone business and access lines. FMC posts rising continuing operations income to 67.6 million with EPS of 1.89 and 225 staff at Lawrence plant.
MENTIONED IN THIS ARTICLE
Institutional Shareholder Services
Western Resources Inc
Kansas City Power & Light Co
KCPL
SBC Communications Inc
Baby Bell
Ameritech Corp
SBC
Wall Street
Southwestern Bell
Lawrence
Kansas
FMC Corp
FMC
Microsoft reports 28 percent quarterly profit rise
Microsoft Corp posts a 28 percent jump in quarterly profits and a 26 percent rise in revenue to 4.0 billion as it beats Wall Street expectations. Earnings hit 50 cents a diluted share on 1.36 billion, up from 40 cents on 1.06 billion a year ago. Other firms note varied results.
MENTIONED IN THIS ARTICLE
Microsoft Corp
Wall Street
Lockheed Martin Northrop Grumman merger called off
Lockheed Martin terminates its 8.3 billion bid for Northrop Grumman amid government opposition. Pentagon and Justice Department argued the merger would lessen competition in electronics and missile warning. litigation had been planned before a September trial.
MENTIONED IN THIS ARTICLE
Lockheed Martin
Northrop Grumman
Bethesda
Northrop Grumman Corp
Defense Department
Pentagon
Vance Coffman
Justice Department
Joel I. Klein
Farm drought fuels push for emergency aid amid plunging prices
Washington AP reports severe drought and disease hitting farmers from Texas to the northern Plains as crop prices slide and exports fade. Senators Conrad and Dorgan win Senate approval to a $500 million aid plan tied to a broader agriculture bill, with House passage still needed. Debt and potential farm closures rise as insurance and financing falter and the Asian crisis tightens demand.
MENTIONED IN THIS ARTICLE
Washington
Plains
Texas
Congress
Sens
Kent Conrad
Byron Dorgan
North Dakota
Senate
Clinton
Conrad
Agriculture Department
America
Oklahoma
Terry Detrick
Wheat Growers Association
Dakotas
USDA
Dan Glickman
Douglas County sees sales tax rise in May report
Douglas County sales tax collections rose about 18.75 percent in May to 967 995 dollars, with Lawrence city up 21.8 percent to 897 419 dollars. Year to date gains are 7.61 percent for the county and 5.6 percent for the city. Local taxes include city and county shares from the state 4.9 percent levy.
MENTIONED IN THIS ARTICLE
Douglas County
Lawrence
State Department of Revenue
Baldwin
Eudora
Asian crisis and GM strike cool U S economy in June
Production slumped across factories due to the GM strike and Asian turmoil. Output fell 0.6 percent in June, with autos plunging 11 percent, while other sectors showed weak results as exports to Asia declined and cheap imports rose.
MENTIONED IN THIS ARTICLE
U.S
Washington
General Motors
Asia
Mark Zandi
Regional Financial Associates
West Chester
Federal Reserve
America
Omaha Livestock Market Hogs Rise and Sows Fall
Thursday quotations show hogs up 75 cents for barrows and gilts with U S 1 35 230 260 lb ranges at 35 50. Sows under 500 lb down 1 50 while over 500 lb steady to 50 cents lower. 350 650 lb cattle priced 25 50 to 29. New York nonferrous quotes list aluminum copper gold and silver with Handy & Harman daily quotes.
MENTIONED IN THIS ARTICLE
St. Joseph
St. Josepit
Oman, Nes
Usea
Omaha
U.S
New York
London
Handy & Harman
Also Mentioned on This Page
Dow Industrials
Treasury
Kansas Utilities
Microsoft
Goodyear Tire & Rubber Co
Office Depot Inc
UMB Financial Corporation
United States
Justice and
Defense
Kenneth Bacon
AP Puora
N. H. Johnson
Brazoria County
Tex
Johnson
Kansas Dept. of Revenue
Baney Nici
Richard Brack
His
Ijworld.com
Farmer's Cooperative Assn
South
Milo
Midland
North
Dodge City Livestock
Dopce City
Omaha Livestock
Dijker
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