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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Mar 17, 2004
Page
17
Starbucks will launch a digital music download service, offering about 150,000 tracks. Prices start at 6.99 for the first five songs and 1 per track thereafter, with a limited rollout at 10 Seattle-area stores this spring before broader U.S. expansion.
The Commerce Department reported housing starts fell to a 1.86 million unit seasonally adjusted annual rate in February, a 4 percent decline from January. Despite the drop, economists noted that both months remained healthy as construction faced weather-related delays across parts of the country.
Gov. Kathleen Sebelius Wind and Prairie Task Force will hold its final working meeting at 10 a.m. Friday at the Kansas Department of Social and Rehabilitation Services Learning Center in Topeka. The panel will seek public hearings in April to guide Flint Hills communities in wind energy development and tallgrass prairie preservation.
Kansas City based H R Block says its brokerage arm H R Block Financial Advisors could face disciplinary action for improper mutual fund trading. NASD preliminarily intends to recommend action tied to market timing largely in one HRBFA office. The company is conducting an internal probe.
Lawrence firms show cautious optimism for April to June with 37 percent planning to hire and none to cut, up from 17 percent and 7 percent a quarter ago. Manufacturing, wholesale retail trade, and construction lead hiring, while Kansas Job Link adds about 15 listings weekly.
The Baltimore Sun notes St Patrick s Day shifting from enclave celebration to nationwide retail event. Ellen Tol ley of the National Retail Federation cites rising merchandise and growing non Irish participation. Old Navy Guinness Brueggers Bagels expand offerings and ad efforts to boost between holiday sales.
Manpower Inc. quarterly outlook ranks Lawrence among the more optimistic regions in Kansas with 37 percent of area employers planning to increase hiring. Salina 47 percent Hutchinson 44 percent Manhattan 27 percent Topeka 20 percent Wichita 13 percent Kansas 31 percent.
The Federal Reserve kept the federal funds rate at 1 percent, signaling a slow path to any future hikes due to weak job growth. Economists see a 2005 timing window, with long term rates easing as rate expectations retreat. Wells Fargo economist Sung Won Sohn says the Fed will stand pat through 2004.
Sprint Corp chief Gary Forsee drew more than 16.4 million in 2003, with 12.8 million in restricted stock and 813 thousand salary. He also earned over 2.5 million in bonuses, including 500 thousand reimbursed after forfeiting it from his BellSouth move to Sprint. He received over 12 million in restricted shares across Sprint's tracking stocks FON and PCS.
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