Winn-Dixie to lay off 5300, close 76 Texas Oklahoma stores
Winn-Dixie Stores Inc plans to cut 5300 jobs about 4 percent of its workforce and close all 76 Texas and Oklahoma grocery stores including the Addison Texas outlet. The company will also close its Fort Worth distribution center and dairy plant while seeking to sell the dairy plant and most Texas stores and five Oklahoma stores. Jacksonville based Winn-Dixie operates about 1150 stores nationwide with about 120000 employees.
MENTIONED IN THIS ARTICLE
Winn-Dixie Stores Inc
Texas
Oklahoma
Addison
Tex
Fort Worth
Jacksonville
Fla
Sunbelt
Germany Strike Targets Automakers
Germany's largest industrial union halted production at Porsche DaimlerChrysler Mercedes-Benz and Volkswagen Audi in a first major strike in seven years. About 50,000 workers at 20 firms in Baden-Wuerttemberg joined a series of one day walkouts, extending through Monday shifts. Talks collapsed April 19 over a wage offer of 23.3 percent for 15 months, with the union now seeking 6.5 percent.
MENTIONED IN THIS ARTICLE
Germany
Porsche
DaimlerChrysler
Mercedes-Benz
Volkswagen
Audi
Baden-Wuerttemberg
Sprint sells stake in Pegaso PCS to Telefonica for 87 million
Sprint Corp Leap Wireless International and Qualcomm say they will sell their 65 percent Pegaso PCS stake to Telefonica Moviles for 87 million dollars. Telefonica Moviles acquires 65 percent, with Grupo Burillo retaining 35 percent. Sprint to receive about 65 million for its 12.4 million shares.
MENTIONED IN THIS ARTICLE
Sprint Corp
Leap Wireless Internationa Inc
Qualcomm Inc
Pegaso Pcs SA
Mexico
Telefonica Moviles SA
Telefonica Moviles
Spain
Telefonica SA
Pegaso
Grupo Burill
Wheat crop still struggles in Kansas fields
Kansas farmers face a poor year as about 40 percent of the wheat crop remains in poor or very poor condition per the weekly Kansas Agricultural Statistics Service report. Last week 39 percent fell into that category and last year at this time 41 percent were poor or very poor before the crop rebounded to an above-average harvest. The report also notes corn planting 70 percent complete, down from 75 percent a year ago, and soybean planting at 11 percent versus 17 percent last year.
MENTIONED IN THIS ARTICLE
Kansas Agricultural Statistics Service
Vanguard flight attendants vote against unionization plan
Kansas City based Vanguard Airlines said its flight attendants rejected joining the International Association of Machinist and Aerospace Workers. National Mediation Board totals show more than 75 percent voting against the unionization proposal.
MENTIONED IN THIS ARTICLE
Vanguard Airlines
International Association of Machinist and Aerospace Workers
National Mediation Board
Dow Dives As Earnings Woes Spark Market Selloff
Wall Street declined with the Dow dropping 198.59 points to 9,808.04 and the Nasdaq at 1,578.48, its lowest close since October. Analyst Gary Kaltbaum cited weak earnings and high valuations as a lethal combination fueling rough trading. EarthLink fell to 47 as CEO Mike McQuary resigned, Cisco edged down, and Oracle slipped after downgrades.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Dow
Gary Kaltbaum
Edge Partners
Orlando
Tors
EarthLink
Mike McQuary
Cisco Systems
Oracle
Goldman Sachs
5G Cowen
Fed expected to hold rates as jobless rate lingers
Analysts say the Fed will keep rates steady until unemployment falls. The Fed Open Market Committee meets today to review policy after the last cut to 1.75 percent in December and follows a long easing drive. Prime lending rates sit at 4.75 percent, the lowest since 1965.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Central Bank
Federal
Open Market Committee
Kim Bari opens in Lawrence with African tribal art
Lawrence native Kate Cronemeyer and Rafael Abrante opened Kim Bari at 15 W Ninth St highlighting handmade African and tribal art from West Asia and the Middle East. Goods range from rugs and ceramics to hand carved furniture, with pieces from Afghanistan India Iran and other regions. Cronemeyer notes a local market for art lovers over 30 and non students amid Lawrence growth.
MENTIONED IN THIS ARTICLE
Kate Cronemeyer
Taos
N.M
Lawrence
Cronemeyer
Rafael Abrante
Ninth St
West Africa
Pakistan
Afghanistan
India
Iran
Middle Eastern
Abrante
Left
Local Market Quotes and Livestock Prices Report
Market data from Ottawa Edgerton Overbrook and other elevators show wheat prices around 2.56 to 2.59 per bushel, corn near 1.76 to 1.81, milo about 1.66 to 1.70, and soybeans at 4.36 to 4.39. USDA Loan Deficiency Payments list small incentives. livestock in St Joseph, Missouri notes light receipts and modest price shifts with steers scarce and bulls down. Nonferrous metals quotes place aluminum at 62.1 cents, lead 0.45, gold 311 per troy ounce, silver 4597, with week-to-week variability noted.
MENTIONED IN THIS ARTICLE
Ottawa Goperating Assn
Ottawa
Milo
Edgerton
Overbrook
Midland
Lawrence North
Lawrence South
Pauline Elevator
USDA
New York
London
Handy & Harman
Enron Collapse Opens Andersen Trial in Houston
The first Enron related criminal case begins as Arthur Andersen LLP goes on trial for obstructing justice by shredding Enron documents. Jury selection completed. opening statements expected. Trial could last three weeks with potential $500,000 fine and up to five years in prison or double damages. The proceedings center on former Andersen partner David Duncan who pleaded guilty to obstruction and immunity covers other charges.
MENTIONED IN THIS ARTICLE
Houston
Enron Corp
Arthur Andersen LLP
Enron
Andersen
David Duncan
Duncan
Securities and Exchange Commission
SEC
Arthur Andersen
Also Mentioned on This Page
Sprint
Transportation Vanguard
Ljworld.com
E. Seventh St
Elizabeth Kurata
Kimbari
Mike Yoder
Journal-World Photo
St. Joseph
St. Jasern
Enron Collapse
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