Harvest Gains Pace In Western Kansas Wheat
Harvest accelerates in western Kansas as hot windy weather pushes wheat into Hays elevators. Tuesday intake reaches 60,000 bushels with test weights 58 to 62 pounds per bushel. Wind damage reported near Colby and reports of army worm infestation in wheat from Britton, Gove and Rexford. Elevators inspect every load for infestations. Howard Braun cuts wheat west of Garden City.
MENTIONED IN THIS ARTICLE
Kansas
Hays-area
Colby
State Harvest Office
Hays
Britton
Gove
Rexford
Howard Braun
Garden City
Kroger lowers outlook after earnings rise
Kroger reports a 15 percent rise in first quarter earnings to 352 million dollars, or 46 cents a share, as sales grow and bookkeeping changes lift results. The company cuts its full year guidance to 1.55 to 1.63 dollars per share, missing prior 1.63 forecast. Kroger owns the Dillons chain with four stores in Lawrence.
MENTIONED IN THIS ARTICLE
Kroger Co
Kroger
Joseph Pichler
Dillons
Lawrence
Tighter regulation sought for Freddie Mac mortgage foes
A House bill by Rep. Richard Baker would abolish the Office of Federal Housing Enterprise Oversight and move supervision of Freddie Mac and Fannie Mae to the Treasury. The measure aims to tighten oversight amid leadership and accounting troubles at the mortgage giants. FedEx reports Q4 profits of 280 million dollars, up 19 percent, with 92 cents per share on stronger Ground and Freight results.
MENTIONED IN THIS ARTICLE
Freddie Mac
Fannie Mae
Richard Baker
R-La
Office of
Federal Housing Enterprise Oversight
Department of Housing and Urban Development
Treasury Department
Savings and Loan Companies
FedEx Corp
FedEx Ground
FedEx Freight
Thomson First Call
Americans upbeat about economic outlook in June
The Conference Board reports consumer confidence held at 83.5 in June, slightly down from May but above expectations. The two readings show current conditions soften while outlook for the next six months remains upbeat, supported by stock market gains and easing unemployment claims.
MENTIONED IN THIS ARTICLE
New York
Conference Board
Sherry Cooper
BMO Nesbitt Burns
Chicago
Lynn Franco
The
Consumer Research Center
Kansas retailers brace for city tax rate shift
Kansas retailers face a major change in sales tax collection starting July 1. Deliveries to customers will use the tax rate from the destination city, not the seller’s city, prompting added reporting and software needs. Store owners James Hill and Mick Ranney warn the shift will raise costs and complexity as the state builds an online rate database.
MENTIONED IN THIS ARTICLE
James Hill
Hill
Sleepy Sheep Mattress Co
Lawrence
Oak Classics
Perry
Kansas Department of Revenue
Baldwin
Kansas
Department of Revenue
Richard Cram
Department
Cram
Mick Ranney
Scott McClurg
Journal-World Photo
Wages rise to 3.5 percent for 2003 study says
The Conference Board and Worldat Work report U S salaried workers can expect a 3 5 percent average pay raise in 2003, below prior projections and the lowest in decades. Inflation at 2 6 percent still outpaced pay gains while 83 percent will receive increases, down from 85 and 94 percent in prior years.
MENTIONED IN THIS ARTICLE
San Francisco
U.S
Conference Board
Charles Peck
Worldat Work
Peck
WorldatWork
GM recalls 254000 Saturn L-Series cars for engine fire risk
General Motors is recalling about 254000 Saturn L-Series cars from 2000 to 2003 to fix an engine problem that has caused seven reported fires. The fix includes replacing the ignition module and spark plugs, with 2002-03 models receiving a powertrain control module reprogramming at no charge. Driving with the fault could cause misfires and damage to brakes or fuel system.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Also Mentioned on This Page
Wall Street
Clawhorn
Jworld.com
Andrea Coombes
Dogbert
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