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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 04, 2005
Page
10
Vietnam Airlines will buy four Boeing 787 Dreamliners as part of a fleet expansion to meet rising travel demand. Boeing expects delivery to Vietnam in 2010, with the deal valued at about 500 million dollars at list prices, though discounts are common. Boeing-Wichita workers await fate as the report notes potential job implications.
Berry Plastics Corp the parent of PackerWare in Lawrence said it completed its 445 million acquisition of Kerr Group Inc. The deal expands Berry presence in closures adding plastic vials bottles and tubes. The company now operates 27 plants including PackerWare a 470000 square foot Lawrence facility on North Iowa Street north of the Kansas Turnpike.
Apple Computer shares fell 4.5 percent after reports that iPod sales were weakening. Goldman Sachs forecast flat iPod shipments this quarter while AppleInsider noted a model glut, including the iPod Shuffle. Apple agreed to distribute $50 vouchers to up to 2 million iPod owners, potentially costing up to $100 million to settle a battery life class action.
Lawrence event features Michael Steinle with 15 years in EH&S and security. He will discuss Global Security Issues for Business at Alvamar Country Club at 7 30 a m Friday. Admission is 15 for adults 10 for students. Contact Christina Biagioli at the Lawrence Chamber.
Wall Street fell after the Labor Department reported only 78,000 new jobs in May, well below April’s 274,000 and forecasts. Oil rose above 55 dollars a barrel as major indexes posted weekly losses, fueling speculation the Federal Reserve may pause rate hikes sooner than expected.
Payrolls rose by 78,000 in May, the smallest gain since August 2003, as Labor Department data show a choppy hiring pattern. Economists cite high energy costs, inventory drawdowns, cooler weather, and a payback after April’s spree. job cuts appeared in manufacturing and leisure sectors.
Yager's Outfitters, a new fly-fishing shop in southwest Lawrence near Clinton Parkway, expands from a seven year basement operation. The store stocks 150000 flies plus gear and plans classes and guided trips with a sales base reaching New York to California. Owner Tim Yager reports nearly $500000 in annual sales from Internet and catalog orders.
Password stealing software was active on Microsoft's MSN Korea site for days before detection. Police and Microsoft specialists search for culprits as the hack targeted Lineage subscribers. Microsoft cleaned www.msn.co.kr and removed the planted code. gaps in patches by the operating company were noted. Security researchers at Websense first spotted the breach during routine scans.
Wal-Mart chief Lee Scott urged workers to “do the right things and do things right” as the company outlined diversity goals and store changes to appeal to female shoppers amid a record revenue year of 288 billion. Martha Burk pressed for racial and gender breakdowns of stock options, warning against an equity glass ceiling.
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