Wheat harvest begins in Kansas as drought hits yields
The Kansas wheat harvest is underway with Kiowa County reporting grain cutting on Sunday. Farmers such as Russell Molz say test weights are low and conditions are very dry. The state’s crop report rates 45 percent of wheat as poor or very poor, while corn fares better with 10 percent in that category.
MENTIONED IN THIS ARTICLE
Kansas
Kiowa
Russell Molz
Hardiner
Kansas Agricultural Statistics Service
Tyco CEO Kozlowski resigns amid tax inquiry
Tyco International chief executive Kozlowski steps down amid an investigation into possible sales tax evasion. Investors dumped Tyco stock with heavy trading, pushing shares down about 27 percent that day and 73 percent for the year. Analysts caution the move raises questions about Kozlowski's oversight of Tyco's finances.
MENTIONED IN THIS ARTICLE
Bennis Kozlowski
Tyco International Ltd
Tyco
Kozlowski
Farmland continues operations after bankruptcy filing
Farmland officials said the Chapter 11 filing has not halted business with key suppliers. Vice president Jerry Leeper said all hog suppliers agreed to deliver bags today and ongoing, ensuring Farmland Foods operations proceed without interruption. The nitrogen fertilizer plant east of Lawrence remains inactive and the company’s status unchanged.
MENTIONED IN THIS ARTICLE
Farmland
Kansas City
Leeper
Lawrence
Sprint names new CFO in executive shift
Former General Electric executive Robert Dellinger was named chief financial officer of Sprint Corp. at age 42 after serving as executive vice president of finance. He succeeds Arthur B. Krause who retires after 31 years, with the transition effective this month following Dellinger’s prior role as president and CEO of GE Frankona Re.
MENTIONED IN THIS ARTICLE
General Electric
Robert Dellinger
Sprint Corp
Dellinger
Sprint
Arthur B. Krause
Krause
GE Frankona Re
Kansas City
Reinsurance Corp
Adelphia Stock Delisted Amid Off-Balance Debt Scandal
Adelphia Communications stock was dropped from Nasdaq after failing to file financial statements including the overdue annual 10 K. Nasdaq notified the firm last week of delisting as the sixth largest cable operator grapples with billions of off the books debt disclosed in March. Adelphia did not immediately respond to requests for comment.
MENTIONED IN THIS ARTICLE
Adelphia Communications
Nasdaq
Adelphia
Inflation likely to follow Midwest rebound, survey says
A Creighton University index shows the Midwest economy expanding for a fourth straight month with May's growth at 57.9, but employment fell to 48.3 as firms expect gains later. Inflation worries rise as material costs climb, steel prices push up supplies, and the Fed may act by August. The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma, and South Dakota.
MENTIONED IN THIS ARTICLE
Omaha, Nee
Midwest
Ernie Goss
Creighton University
Federal Reserve
Goss
Arkansas
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
Oklahoma
South Dakota
Speedway Growth Sparks Lawrence Retail Debate
Kansas Speedway entering its second year spurs talk of looming competition from a 400acre tourism district in Kansas City Kansas. Cabela's and Nebraska Furniture Mart plan openings in 2003, with The Legends shopping center targeting Lawrence customers and a 281 room Great Wolf Lodge resort joining the mix. Local hoteliers and retailers anticipate more lodging and shopping options, urging strong local service to keep shoppers home.
MENTIONED IN THIS ARTICLE
Lawrence
Kansas Speedway
Speedway
Kansas City
Kan
Cabela’s
Nebraska Furniture Mart
Bill Crandall
Zimmer Management
Billings
Jennifer Larsen
McDonald Drive
Legends
Bill Schultz
Red
Oak Park Mall
Overland Park
Westridge Mail
Topeka
Schultz
Ed Marlings Home Furnishings
27Th St
Jennifer Karmazin
Karmazin
Interstate 70
Cabela's
TF REET + re
Kansas economy perked up in Creighton survey rise above 50
Creighton University's monthly Midwest economy survey shows Kansas' index at 51.9, the first time since the national recession the state's index has topped 50 signaling growth. Despite the uptick Kansas remains second lowest among nine states in the region.
MENTIONED IN THIS ARTICLE
Creighton University
Midwest
Kansas
Factory output rises as May ISM index signals growth
The May ISM manufacturing index rose to 55.7 from 53.9, beating expectations and marking a fourth straight month of expansion. Norbert Ore calls May a good month while Anthony Chan notes the recovery gaining momentum. durable goods orders and April construction spending also show modest increases, suggesting inventories and employment may rebound in coming months.
MENTIONED IN THIS ARTICLE
Goss
Particu
New York
Institute For Supply Management
Norbert J. Ore
Institute
Anthony Chan
Banc One Investment Advisors
Commerce Department
Napster Files for Chapter 11 Bankruptcy
Napster Inc filed for Chapter 11 protection in Delaware as Bertelsmann AG moves to take over the company. The plan calls for Napster to sell assets to Bertelsmann for 8 million dollars plus assumption of liabilities, including a 91 million dollar Bertelsmann loan and any new loans. Bankruptcy lawyer Rick Cieri said the process aims to maximize Napster’s value, potentially via a Bertelsmann sale or a higher bid.
MENTIONED IN THIS ARTICLE
San Francisco
Napster Inc
Bertelsmann AG
Bertelsmann
Wilmington
Del
Napster
Rick Cieri
Cieri
Bertelssate
Cicri
Also Mentioned on This Page
Telecommunications Sprint
Wall Street Cable Company
Econews
Craighton
Chad Lawhorn
Aaron Lindhere
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