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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Mar 14, 2002
Page
13
Federal Reserve Chairman Alan Greenspan, after saying the recession seems over, reported February jobs rose and January layoffs fell noticeably. He cautioned the recovery will be slower than past rebounds as consumers continued heavy spending on cars and homes despite the slowdown.
Kansas agriculture officials dismissed rumors of foot and mouth disease after tests on up to 16 cattle at a Halton area barn found blisters likely from hay. Spokeswoman Lisa Taylor said preliminary results point to hay as the cause, with test results due late Wednesday. If confirmed, it would be the first U.S. outbreak since 1929 and could trigger overseas cattle sales bans. The rumor also caused a drop in corn futures at the Chicago Board of Trade.
Spiegel Group will close its Wichita call center on May 17, eliminating 670 positions. Spokeswoman Debbie Kaopman cited falling volume as more customers shop online and technology boosting efficiency. The center opened in 1994 and is among five North American operations serving Spiegel, Newport News, and Eddie Bauer catalogs.
Sixteen minority employees at Honeywell Federal Manufacturing Technologies on Bannister Road Kansas City file separate federal race bias suits alleging disparate treatment in pay and promotions. Lawsuits seek unspecified compensatory and punitive damages. Honeywell operates a Lawrence facility.
TRW Inc. board rejects Northrop Grumman’s unsolicited 5.9 billion buyout offer for a second time and plans to spin off its automotive parts unit within nine months. TRW also explores sale of all or part of its automotive and aeronautical systems businesses. Chairman Phillip Odeen says the bid does not recognize TRW’s franchise value.
February retail sales rose 0.3 percent, the largest gain in four months, as consumers still spent on big-ticket items like cars, furniture, and appliances. Economists expect continued modest spending aided by a steadier stock market, better jobs, and tax refunds, signaling a spring and summer recovery.
The Lawrence Technology Assn. board approved a position urging lawmakers to raise revenues to fund Kansas Technology Enterprise Corporation, the Kansas Board of Regents, and K 12 education. Bennett Griffin said improving funding for these areas is vital to build a competitive high tech economy and create high paying jobs. The group plans to present the statement at its March 28 meeting to about 50 member businesses.
Sprint Corp disclosed 345 layoffs effective immediately, mostly software developers in Atlanta Dallas Kansas City and Reston and 45 in the finance unit in Kansas City. severance tied to tenure. the company has announced over 9000 layoffs in recent months amid telecom industry woes.
As of Wednesday close, Ottawa Ottawa Elevator wheat 2.64 corn 1.79 milo 1.77 soybeans 4.29. Edgerton 2.64 1.81 1.77 4.29. Overbrook 2.64 1.79 1.77 4.29. Midland wheat NA corn 1.80 milo NA soybeans 4.292. Lawrence North wheat NA corn 1.44 milo NA soybeans 4.32. Lawrence South 2.64 1.80 milo NA soybeans 4.29. Pauline NA 1.86 raiso 1.82 soybeans 4.34. USDA LP Corn 0.98 Soybeans. St Joseph cattle receipts 3,000 vs 3,462 last wk. feeders firm to 2.00 higher. strong demand for 500-700 lb cattle. premium on fancy replacement heifers. Nonferrous metals prices: Aluminum 64.0¢/lb. Lead 29-31¢. Zinc 42.54-43.04¢. Gold 293.15/oz. Silver 4.545/oz.
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