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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 03, 2002
Page
6
The U S International Trade Commission approved stiff tariffs on imports of Canadian softwood lumber in a 4 0 vote, determining shipments harm domestic producers. Tariffs average 27 percent, potentially adding about 1500 to the cost of a typical new home, with construction wary of higher prices.
President Bush and European leaders sought to avoid triggering trans Atlantic trade wars but failed to reach a breakthrough on steel and other disputes. They agreed discussions must continue and vowed to intensify efforts to resolve contentious trade issues, including steel and a $4 billion U S tax break deemed illegal by the WTO.
Kansas City based Vanguard Airlines reduced its requested federal loan guarantee to 13.5 million dollars from 60 million. The guarantee would back a 15 million loan from a German bank, under the Air Transportation Stabilization Board created after the attacks.
Tulsa based natural gas producer and distributor Oneok Inc reports first quarter net income of 72.6 million dollars or 60 cents per diluted share, up from 64.9 million dollars or 54 cents a year ago. Operating income totals 143 million dollars, unchanged year over year. Distribution ops including Oklahoma Natural Gas and Kansas Gas Service show an 11 percent drop to 58.2 million dollars.
New claims for unemployment benefits fell by 10 000 to 418 000 for the week ending April 27 signaling fewer layoffs as early inflation signs of recovery. U S factories posted a 0 4 percent rise in orders in March for the fourth straight month, easing concerns over demand.
Jim Martin, president of M-Pact Worldwide in Eudora, traveled with a delegation to Congress to urge changes to laws governing group purchasing organizations. He said the system blocks direct hospital sales and keeps many small medical device firms from inclusion, threatening free enterprise and competition. Martin noted M-Pact has 110 employees and relies on international business to survive amid rising hospital prices for non approved vendors.
Tracey Lomrantz and other college students struggle to find paid internships as firms cut programs or receive record numbers of applications. Experts say graduates may need 20 applications per offer while high school employers see rising applicant pools and more unpaid or traditional seasonal roles.
The annual Kansas wheat tour estimates the 2002 crop at 297.1 million bushels, down from 328 million last year, due to fewer planted acres and western drought. The tour toured 480 fields with 55 participants and projected an average yield of 35.6 bushels per acre, noting moisture is needed to maintain yields and that western counties show poor stands while northern and southeastern areas look robust.
As of Thursday close, Ottawa elevators list wheat corn milo soybeans prices. other towns show varying NA and latest figures. Nonferrous metals prices from New York and London exchanges are included, along with Kansas City livestock quotes noting higher barrows and gilts and scarce sows and boars.
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