Kansas wheat damage from freezing hurts over a quarter
The Kansas Agricultural Statistics Service reports that more than 25 percent of the state's wheat crop shows freeze damage from recent cold. Light damage accounts for 19 percent, moderate 7 percent, and severe 1 percent, with 73 percent undamaged. Wheat condition totals: 17 percent excellent, 51 percent good, 26 percent fair, 5 percent poor, and 1 percent very poor. About 12 percent had headed statewide.
MENTIONED IN THIS ARTICLE
Kansas Agricultural Statistics Service
Kansas
Qwest Withdraws From Bidding For MCI As Verizon Deal Wins
Qwest Communications International withdrew from the bidding for MCI Inc after MCI agreed to a new $8.5 billion deal with Verizon. The Verizon pact values MCI higher than Qwest's latest offer by about 1.3 billion dollars, and MCI declined to discuss Qwest’s retreat.
MENTIONED IN THIS ARTICLE
Qwest
MCI Inc
MCI
Verizon
Qwest Communications International Inc
WorldCom
March construction spending sets new record at $1.05 trillion
Construction spending rose 0.5 percent in March to a seasonally adjusted annual rate of $1.05 trillion, an all time high. Strong office and shopping mall activity offset slower housing work, beating economists' 0.3 percent forecast and signaling continued strength if rates rise gradually.
MENTIONED IN THIS ARTICLE
Commerce Department
Yellow Roadway Boosts Cash in USF Bid
Yellow Roadway Corp. said on Monday it would increase cash in its 1.37 billion bid for USF Corp. Shareholders would receive about 65 percent cash and 35 percent Yellow Roadway stock, versus the prior 50-50 mix. The revised offer values USF at 29.25 dollars per share and 0.31584 Yellow Roadway shares per USF share.
MENTIONED IN THIS ARTICLE
Yellow Roadway Corp
USF Corp
Yellow
Yellow Roadway
USF
Contact Us Mark Fagan Editorial Contact
Contact information for Mark Fagan, business editor, including phone number and email address for JWorld.
Midwest business morale slides to two year low in nine state region
Creighton University economist Ernie Goss reports the Mid-America Business Conditions Survey shows the regional confidence index fell to 94 in April from 645 in March, the lowest since 2002. The overall index at 58 signals slower growth ahead. Prices for steel and oil declined, while imports rose and exports barely improved.
MENTIONED IN THIS ARTICLE
Omana
Nes
Creighton University
Ernie Goss
Mid-America
Kansas conditions stay strong despite dip in index
Creighton University economist Ernie Goss reports Kansas at 61.6 on the Mid-America Business Conditions Index, down from 65.6 in March but above the nine-state region’s 58. The regional index is the lowest since December 2003, reflecting softer activity across the area.
MENTIONED IN THIS ARTICLE
Ernie Goss
Creighton University
Kansas
Mid-America
Mid- America
Downtown Lawrence shops move and expand in busy core
Downtown Lawrence trades are shifting as Fun and Games moves from 816 Mass to the top floor of the Lawrence Antique Mall at 830 Mass, planning party rooms and magic clinics. Ace Sports & Tickets leaves 647 Mass for an undecided 23rd Street site, Mojo’s closes at 714 Vt, Scheme opens at 822 Mass, and Salon di Marco expands into 735 Mass as tenants pursue new storefronts downtown.
MENTIONED IN THIS ARTICLE
Kyle Billings
Billings
Lawrence
Mass
Lawrence Antique Mall
9 Ace Sports & Tickets
23Rd Street
Hal Wagner
Oak Park Mall
Overland Park
Johnson County
Mojo’s
Scott McClurg
Journe Brienne Billings
Business editor Mark Fagan contact line
Business editor Mark Fagan can be reached at 832 7188 for correspondence and tips.
MENTIONED IN THIS ARTICLE
Mark Fagan
Young adults urged to save amid rising debt and uncertain pensions
Jeffrey Berman, 24, has no student loans and $1,200 in credit card debt, yet plans to boost retirement savings. Financial experts warn twentysomethings face heavy student loan balances, limited pension prospects, and a lack of practical guidance as debt climbs from $18,900 for the average graduate in 2002, per Demos research.
MENTIONED IN THIS ARTICLE
Jeffrey Berman
Berman
Bill Slater
MetLife Insurance Company
MetLife
Money Management International
Demos
Chicago commodity and metal markets move on Monday
Grain futures retreated while soybeans rose on the Chicago Board of Trade. July wheat, corn and oats fell to multiweek lows. Live cattle and hog futures also declined on the Chicago Mercantile Exchange as metal spot prices for gold, silver and platinum posted modest gains.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago Mercantile Exchange
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