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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Mar 22, 2008
Page
7
Markets closed Friday for Easter after a volatile week led by the Dow rising 2.16 percent on Thursday to 12,361.32 and the S P 500 up 2.39 percent to 1,329.50. The week posted solid gains despite Tuesday’s 420 point Dow surge reversal tied to Fed rate cut news.
A San Diego County judge ruled Starbucks must repay tips plus interest misappropriated by shift supervisors in California stores. The decision targets tips collected into safes and distributed weekly, affecting as many as 100,000 baristas since 2000. some may receive over ten thousand dollars. The company plans to appeal while noting the ruling may reflect abuse of class-action procedures.
The World Company bids 1.495 million to acquire a Lawrence Douglas County airwave share for two way communications. FCC notes flexible use including voice data broadband or broadcasting with proceeds aiding public safety, consumer rebates, and digital TV transition. Patrick Knorr says company will offer next generation wireless services.
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