EU and U S trade clash over Boeing Airbus aid
The European Union filed a WTO counter complaint alleging US subsidies to Boeing while the Bush administration accused EU members of backing Airbus with 1.7 billion for the A350. Analysts warn reduced subsidies could raise airfares as carriers bear higher costs. Richard Aboulafia of Teal Group notes potential travel price impacts.
MENTIONED IN THIS ARTICLE
Washington
European Union
World Trade Organization
Boeing Co
Bush Administration
Airbus
Boeing
Richard Aboulafia
Fairfax
Teal Group
Interest rate hike set for federally guaranteed student loans
Sallie Mae announced rates will rise by 1.93 percentage points effective July 1, the biggest yearly jump in a 40 year history. New rates apply to Federal Stafford Loans issued after July 1, 1998 with in school and deferment periods at 4.7 percent and 5.3 percent during repayment. PLUS loans will reset to 6.1 percent. The Education Department is expected to confirm the changes soon.
MENTIONED IN THIS ARTICLE
Sallie Mae
U.S. Department of Education
Confidence up as manufacturing slows in May
The Conference Board reports May consumer confidence rising to 102.2 from 97.5 with expectations beating forecasts. Meanwhile the Chicago PMA shows Midwest manufacturing activity slipping to 54.1 in May from 65.6 in April, signaling continued expansion but a slowdown.
MENTIONED IN THIS ARTICLE
Wall Street
Conference Board
Purchasing Management Association of Chicago
Midwest
Contact info for Mark Fagan Business Editor
Public note lists contact details for Mark Fagan Business Editor at 832 7188 and email mfagan ljworld.com for Kansas journalism inquiries.
MENTIONED IN THIS ARTICLE
Mark Fagan
Mfagan
Ljworld.com
United and IAM reach tentative contract in bankruptcy case
United Airlines and the International Association of Machinists reach an in principle deal in federal bankruptcy court to avoid a strike and align with a broader labor savings package. Mechanics ratified a separate five year agreement with $96 million in annual concessions.
MENTIONED IN THIS ARTICLE
Chicaco
United Airlines
Eugene Wedoff
United’s
U.S
Interna
Tional Association of Machinists and Aerospace Workers
Wedoff
United
IAM
Computer Waste Solutions aims to curb e waste in Kansas
Lawrence based Computer Waste Solutions opens a downtown storefront to collect old computers monitors and TVs for reuse or recycling. The nonprofit styled program reconditions usable units for donation to nonprofits while damaged equipment is stripped and sold for scrap metals and components.
MENTIONED IN THIS ARTICLE
Lawrence
Computer Waste Solutions Co
Computer Waste Solutions
Kansas
Marion Lynn
Bill Bider
Bureau of Waste Management
Kansas Department of Health and Environment
Manhattan
Mary
Lynn
Ben Campbell- Bradley
Mass
Campbell-Bradley
Soybean futures lead mixed grain and livestock markets
Chicago Board of Trade soybeans jump while grain futures end mixed with July wheat down and July corn and oats up, beef futures rise on the CME while pork slips. Live cattle gain, feeder cattle advance, lean hogs fall, with local elevator price snapshots from Ottawa, Edgerton, Overbrook, and other elevators.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago Mercantile Exchange
Ottawa Cooperative Assn
Ottawa
Edgerton
Milo
Overbrook
Midland
Lawrence North
High court overturns Andersen conviction
The Supreme Court unanimously overturned Arthur Andersen’s obstruction of justice conviction for destroying Enron related documents. Justices found trial instructions too broad, signaling a symbolic win for Andersen and a setback for the Bush administration. Enron’s 2001 collapse and 28,000 lost jobs framed the case, with DOJ weighing options including retry.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Arthur Andersen
Enron Corp
Bush Administration
Andersen
Patrick Dorton
Justice Department
John C. Richter
High Court
William H. Rehnquist
Big Five
Enron
Securities and Exchange Commission
Also Mentioned on This Page
Airlines
Union
Associated Press
Richard Gwin
Journal-World Photo
Ben Campbell-Bradley
Lawrence South
Pauline
Tam
His
Rete
Eel Leslie
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