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Lawrence Journal World in Lawrence, Kansas

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

May 12, 2023

Page

8

Spectrum Brands reports mixed second quarter outlook

Spectrum Brands, based in Wisconsin, previews its latest financial results before the bell. Analysts expect an 18 cent per share loss on about 759 million dollars in Q2 sales, contrasting with the year-ago quarter’s 41 cent per share profit and 808 million dollars in sales. The company’s brands include Nature’s Miracle Black Flag and Remington.

Spectrum Brands Bell Nature Miracle Spectrum Wall Street Black Flag Remington Electric

Oilrig count slips to 748 as markets wobble

Baker Hughes reports a weekly U.S. rig tally showing 748 active oil and gas rigs after a two week rise. The count, a barometer for the industry, has fallen this year but held steady lately and traces its peak at 4,530 in 1981 with a pandemic low of 244 in August 2020.

Baker Hughes U.S

Layoffs Likely Rise Slower as Firms Avoid Hiring Losses

Joshua Shapiro of Maria Fiorini Ramirez cautions that layoffs should rise less dramatically than typical cycles as firms strive to avoid shedding workers who have been hard to recruit and retain. The comment reflects concerns about labor market stability amid economic pressures and the value of retained talent.

Joshua Shapiro Maria Fiorini Ramirez

Wall Street edges lower as Disney drags market down

Wall Street slipped on Thursday with Disney dropping sharply on weaker streaming subscriber growth and a fragile banking sector. The S&P 500 and Dow fell while the Nasdaq rose as investors weighed declines in Disney and pressure on banks. Beyond Meat and Unity Software traded amid mixed results and changing investor sentiment.

Wall Street Walt Disney Co U.S Disney Bynd Unity

Johnson Johnson Granted Probation After Firearm Felony

In a Kansas case, Johnson Johnson faced a firearm related felony charge but a judge granted probation citing his clean record a university degree and full time employment. Defense argued counseling and rehabilitation over prison with regular probation visits in Missouri while the incident at a Topeka club sparked gunfire. Two co defendants previously charged with aggravated battery had those charges dismissed without prejudice. Surveillance video showed a bullet shattering the club’s front door glass. Johnson remains free on a $100000 bond.

Johnson Kansas Angela Keck University of Kansas Keck Pokorny Christopher Shane Wuenstel Daequan Jermaine Rayton Topeka Missouri

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