Mortgage rates climb to 30 year high since January
Rates on 30 year fixed mortgages rose to 5.91 percent for the week ending March 28, the highest since late January, up from 5.79 percent last week and 5.61 percent the prior week. The 15 year fixed rate increased to 5.21 percent, up from 5.11 percent.
MENTIONED IN THIS ARTICLE
Freddie Mac
Journal World seeks reader input on stock listings
The Lawrence Journal-World invites comments on its stock mutual fund and market listings. Readers are asked what information they want and which local companies or funds to feature, with suggestions sent to managing editor Richard Brack or by mail to Box 888 Lawrence 66044.
MENTIONED IN THIS ARTICLE
Journal-wutia
Journal-World
Richard Brack
Rbrack
Ljworld.com
Lawrence Journal-World
Lawrence
Oil hits wartime high as prices top 30 dollars
Oil prices surged on futures markets above 30 dollars a barrel for the first time since the Iraq conflict began. May delivery crude settled at 30.37 on the NYMEX after trading as high as 30.45, up about 13 percent from last Friday’s 26.91.
MENTIONED IN THIS ARTICLE
Iraq
New York Mercantile Exchange
United Airlines pilots agree on six year contract
United Airlines won a tentative six year contract with its pilots union covering about 8,200 pilots. The deal aims to cut annual costs by 1.1 billion dollars, aiding United’s effort to exit bankruptcy and meet lenders' financial demands after years of losses.
MENTIONED IN THIS ARTICLE
United Airlines
United
Unemployment Update This Saturday for State and Douglas County
This Saturday brings the latest unemployment data for the state and Douglas County. Expect figures on jobless rates and new claims, with context on industries most affected and expected trend directions. Public labor stats office releases are scheduled with brief summaries for residents and employers.
MENTIONED IN THIS ARTICLE
Douglas County
Economists fear economy may slip toward recession
Analysts warn the sluggish economy may worsen with war uncertainty and a weak job market. GDP growth estimates vary from about 0.5 percent to just over 2 percent in Q1, with some forecasters predicting contraction. A negative first quarter seems plausible as energy prices and policy issues weigh on purchases. The government will release the initial Q1 GDP estimate on April 25.
MENTIONED IN THIS ARTICLE
Washington
Sung Won Sohn
Wells Fargo
Commerce Department
United States
Sohn
Carl Tannenbaum
LaSalle Bank
No bidders at Farmland plant auction in Lawrence
Farmland Industries failed to attract bids for its shutdown Lawrence nitrogen fertilizer plant during Thursday’s auction. Kansas City judge approved $295 million for most nitrogen assets. Koch Nitrogen Co and Vanguard Biosynfuels LLC won other bids, but not the Lawrence site. Local officials may pursue government purchase and review Farmland files to estimate cleanup and costs.
MENTIONED IN THIS ARTICLE
Farmland Industries
Lawrence Nitrogen Fertilizer
Kansas City, Mo
Koch Nitrogen Co
Vanguard Biosynfuels LLC
Lawrence
Douglas County
Charles Jones
Jones
Kansas Department of Health and Environment
Manson
Vanguard Biosynfuels
Pollock
Dodge City
Fort Dodge
Iowa
Enid
Okla
Beatrice
Neb
Koch
Farmland
Republic of Trinidad and Tobago
Lawrence Nitrogen Fertilizer Plant
Wages pull for overtime reform could reshape worker status
The Labor Department proposed updates to overtime definitions for white and blue collar workers, potentially affecting about 22 million people. An estimated 1.3 million lower wage workers would gain overtime or a salary rise, while at least 644,000 well paid professionals could lose their exemptions. The proposal, amid Bush era labor moves, targets industries including construction, retail and health care, and invites 90 days of public comment.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Aquila Accused in Western Energy Market Manipulation
A federal report names Aquila among several firms that manipulated energy markets in 2000 and 2001. Aquila, based in Kansas City, denies wrongdoing and says it will reinvestigate and cooperate with regulators. The FERC report says Aquila attempted to manipulate natural gas prices in the Midwest and East and provided false prices to price index publishers.
MENTIONED IN THIS ARTICLE
Kansas City, Mo
Aquila
United States
Kansas City
Federal Energy Regulatory Commission
West
Midwest
Also Mentioned on This Page
Aviation United
Pilots’ Union
County Mall
Sherlyn Manson
Chad Lawhare
Cae
Journal-World File Photo
American Bar Assa