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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 04, 2004
Page
4
A replay of 1994 colors expectations as Fed policy makers gather to gauge reactions to rising rates. Analysts doubt immediate hikes by Greenspan but foresee preparations to avert past shocks, with a decade since rate increases helping guide cautious stance.
Boeing chairman Lew Platt told shareholders at the annual meeting that the company faced a crisis of confidence in 2003 due to serious ethical lapses blamed on rogue employees. He noted under CEO Harry Stonecipher the firm now emphasizes intolerance for anything but the highest ethical standards and works to restore its reputation.
Cracker Barrel will expand sensitivity training for employees under a consent decree filed in Atlanta federal court. The agreement settles a government lawsuit alleging a pattern or practice of discrimination against African American customers at dozens of Cracker Barrel restaurants.
Cirrus Design Corp of Duluth overtook Cessna Aircraft Co as the leading seller of four seat airplanes in the first quarter of 2004. Cirrus sold 105 four-seat planes, while Cessna moved 89. Data from the General Aviation Manufacturers Association.
Sauer-Danfoss posted 23 cents per share for the latest quarter, up from 21 cents a year earlier. The firm operates a manufacturing plant in Lawrence and announced the results on Monday.
Shaw Environmental and Infrastructure Inc. of Baton Rouge is appointed trustee in Farmland Industries liquidation. The 467 acre site east of Lawrence along Kansas Highway 10 will be marketed for sale while Shaw continues environmental cleanup. Tim Daughtery, former Farmland VP, sees potential buyer. site viewed as strong industrial property.
A New York federal jury convicts Frank Quattrone, famed investment banker, of obstructing justice by a 22 word e mail urging file destruction amid a criminal probe of his bank. Prosecutors hail a white collar crime wave as Martha Stewart was also found guilty, with other corporate executives pleading guilty.
Lawrence Douglas County Economic Development Board urges area leaders to fund a 35000 study by KU Policy Research Institute on biosciences in the county. The plan, supported by city and county commissioners, the KU, and the Chamber, seeks to map impact and current presence with interviews of at least 10 bioscience firms.
Oil rose to its highest level in more than 13 years after the weekend killings of five Western oil workers in Saudi Arabia fueled fears. June crude settled at $38.21 a barrel, the top since October 1990, while unleaded gasoline futures climbed to $1.263 a gallon the highest on record since 1984. Analysts warned of a speculative market as prices trend higher toward Memorial Day.
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