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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Mar 24, 2004
Page
13
The American Bankers Association reported a seasonally adjusted 30 or more days past due rate of 4.43 percent for credit card accounts in Q4 2003, beating the prior high of 4.09 percent in Q3. Economists attribute the rise to a sluggish job market amid a slow economic recovery.
executives at Putnam Investments did not view the trading by several portfolio managers as serious misconduct and were slow to halt excessive trading by outside investors. The six month probe found despite flaws the firm largely policed improper trading, with nine more employees fired and earlier six professionals let go. The company reached a partial settlement with the SEC but faces Massachusetts fraud claims.
Wal-Mart Stores Inc. on Tuesday officially launched its online music store with a larger artist roster, keeping the 88 cent per song price. The site now offers digital downloads 11 percent cheaper than major rivals, expanding its catalog by 50 percent after testing began in December. It will compete with Apple iTunes and Roxio Napster in the growing online music space.
Gasoline prices nationwide climbed to an all time high near 1.74 per gallon on Tuesday amid strong demand and tight oil markets. AAA reports self serve regular at 1.738 per gallon, up slightly from the prior record set August 30. Lawrence averaged 1.657 per gallon, with locals like Tina Cates voicing frustration over rising costs and upcoming refinery shutdowns. US gasoline inventories for the week ending March 12 were 199.6 million barrels, down from 202.1 million a year earlier.
Baker University honored three Lawrence leaders Joe Flannery of Weaver's Department Store Judy Billings of the Lawrence Convention and Visitors Bureau and Monte Johnson former KU athletic director for business and civic contributions. The breakfast drew about 175 attendees at the Lawrence Holidome.
Nebraska based Cabela's Inc files for an initial public offering. The Sidney founded company began in 1961 selling lures by mail order and grew into a major outdoor gear retailer with nine stores across nine states plus a Wheel ing West Virginia opening later this year. The SEC registration was filed but not yet effective. spokesman Joe Arterburn declined to comment until the SEC accepts the filing. Cabela's employs over 8,000 nationwide and more than 1,600 at its Sidney headquarters and stores.
Chicago Board of Trade futures edged lower for wheat corn oats and soybeans with May deliveries down, while beef and pork futures closed mixed on the CME. Local elevator quotes show varied wheat corn and soybeans across Ottawa Edgerton Overbrook Midland Lawrence and Pauline elevators, with several NA readings for some grains. Nonferrous metals in New York posted spot prices for gold silver and platinum.
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