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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 15, 2001
Page
15
Sprint PCS confirmed talks with Virgin over selling Virgin branded products in the United States. No definitive agreement exists though preliminary matters have been agreed. Earlier reports cited a $1 billion Virgin branded joint venture.
GE and Honeywell said EU concessions are too extensive for the $41 billion merger. Regulators seek divestitures across Honeywell aviation and power systems, shrinking combined revenues, with a final EU decision due by July 12. An approval seems unlikely amid tense talks led by Jack Welch and Mario Monti.
New York shares fell sharply as second quarter earnings warnings rattled investors. The Dow dropped 181.49 to 10,690.13 with techs hit hard, while the S and P 500 and Nasdaq also declined. Honeywell's potential GE takeover faced European regulatory uncertainty as GE rose modestly.
Lawmakers scrutinize whether Wall Street analysts can remain impartial when firms invest in or profit from the companies they cover. The inquiry follows criticism of rosy calls during a market slide, while a major industry group promotes voluntary best practices and calls for no new federal rules.
Lawrence pharmacist Mark Smith runs Orchards Drug at 1410 Kasold Drive since May 1, balancing full operations and staff. He values customer relations, notes insurance as a daily challenge, and emphasizes reputation as essential. He lives with wife Bunny and sons Scott and Drew, aiming to golf professionally if possible.
Reports from St Joseph Missouri and Dodge City Kansas provide Thursday quotations for livestock. Barrows and gilts remain scarce while steer and heifer lots show varied headcounts and weight ranges with prices per hundredweight. Local grain prices and USDA loan deficiency payments for corn oats and soybeans are listed, alongside nonferrous metal and precious metal quotes from New York markets.
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