Dow Near 11,000 As Market Surges And DOJ Probes Wall Street
The Dow Jones average neared 11,000 within a point of the milestone before retreating to 10,789.04 as rapid gains continue. Government inquiries probe whether securities firms fixed lucrative underwriting fees, with Goldman, Sachs & Co. filing the disclosure. Pre-Paid Legal Services expects NYSE trading May 13, raising buyback authority to 750,000 shares and expanding investor access.
MENTIONED IN THIS ARTICLE
Dow Jones
Dow
Wall Street
Justice Department
Goldman, Sachs & Co
Riling, Burkhead & Nitcher Firm
Lawrence
Kansas
Waddell Reed adopts rights plan to deter takeovers
Waddell & Reed Financial Inc adopted a shareholder rights plan that triggers if any party acquires 15 percent or more of the company's common stock. The Overland Park based adviser said the rights plan was not in response to any takeover effort. Rights would distribute one right per share of class A and class B common stock held May 12.
MENTIONED IN THIS ARTICLE
Waddell & Reed J
Waddell & Reed Financial Inc
Overland Park
FMC and Solutia form phosphorus chemicals venture
FMC and Solutia announce a joint venture to create a phosphorus chemicals company with about 600 million dollars in annual sales and a dozen locations, combining North American and Brazilian operations while pursuing plant consolidations to cut costs. Lawrence plant remains a key site amid uncertainty and workforce anxieties.
MENTIONED IN THIS ARTICLE
FMC Corp
FMC
Solutia Inc
Lawrence
Karen Schuyler
Solutia
Schuyler
United States
Brazil
Jupiter Deli aims to redefine Lawrence dining scene
Henry T's Bar and Grill owners transform the former Brass Apple space at 3300 W. 15th into Jupiter Deli a casual upscale solar themed venue. Co owner Sean Gerrity says the concept blends lunch friendly sandwiches soups and salads with evening entrees and specials expansion aims to attract diverse diners without competing with Henry T's. Jupiter Deli plans to employ about 40 people and opens Tuesday with interior by GLP Interiors featuring a lighted solar system and bright color palette.
MENTIONED IN THIS ARTICLE
Henry T’s Bar and Grill
Lawrence
W. 15Th
Brass Apple
Jupiter‘Deli
Sean Gerrity
Gérrity
David Heinz
GLP
Audrie Wenger
Free State Glass
Jupiter
Wenger
Jupiter Deli
Henry T's
Rolling economy powers ahead with 4.5 percent first quarter rise
Washington reports a 4.5 percent GDP growth in Q1, surpassing expectations and marking continued expansion. Inflation remains muted with a 1 percent GDP price rise, while business investment surges 10 percent and housing construction climbs 15.6 percent, driven by low mortgage rates.
MENTIONED IN THIS ARTICLE
Washington
Clinton
America
Commerce Department
Allen Sinai
Primary Decision Economics
New York
Federal Reserve
Fed
Judge clears way for suit against No 1 meatpacker
Lincoln Nebraska AP report says U S District Judge Lyle Strom certified the case as a class action, allowing cattlemen to sue IBP Inc alleging antitrust violations. The suit claims IBP and other packers conspired to restrain competition and depress prices by using captive cattle supplies and not bidding openly. IBP disputes the allegations, noting market conditions and supply factors. Senators Kerrey and Daschle have pushed legislation for price reporting and market access.
MENTIONED IN THIS ARTICLE
Lincoln
Nes
IBP Inc
U.S
Lyle Strom
IBP
Strom
Gary Mickelson
Dakota City
Neb
Bob Kerrey
D-Neb
Tom Daschle
D-S.d
Agricultural price and market wrap from Midwest exchanges
Friday market notes show Farmer's Cooperative Assn South Elevator posting wheat at 2 42, soybeans 4 46, milo 1 62, corn 1 81, with NA data at Midland Elevator and North Elevator readings. Doper City feedlot reports 200 slaughter steers sold with light inquiry. hogs quoted with varied lean percentages and weights. New York spot nonferrous metals quoted with copper, zinc, lead, and gold prices.
MENTIONED IN THIS ARTICLE
Triday
Farmer's Cooperative Assn
South Elevator
Milo
Midland Elevator
North Elevator
Doper City
Kansas
Also Mentioned on This Page
Dow Industrials
S&p
Treasury
Chicago Board of Trade
Board of Trade
Merce
NYSE
Richard Brack
Rhrack
Ijworld.com
Hworld.com
Richard Gwin
Dick Rector
15Th
No. 1
Dodge City Livestock
St. Joseph Livestock
Joseph, Mo
London
N.Y
Handy & Harlan
Ving
Handy & Harman
Cal
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