Retail sales improve in October for many retailers
The holiday season pickup showed retailers reporting better October sales, with mall apparel chains like Limited Brands Abercrombie Fitch and Gap Inc. rebounding due to cooler weather. Discounter chains Big Lots ShopKo and Wal-Mart extended slow sales from June with Wal-Mart posting a 2.8 percent rise in same-store sales and total sales up 10.4 percent.
MENTIONED IN THIS ARTICLE
Limited
Abercrombie & Fitch Inc
Gap Inc
Big Lots Inc
ShopKo Stores Inc
Wal-Mart Stores Inc
Wal-Mart
Thomson First Call
Productivity gains slow in third quarter economy
The Labor Department reported that productivity of American workers rose 1.9 percent in the third quarter, the slowest since 2002, following a 3.9 percent pace in Q2. Some economists had forecast around 1.0 percent growth, with analysts hoping firms would hire to meet demand instead of boosting efficiency.
MENTIONED IN THIS ARTICLE
America
Labor Department
Mortgage rates rise across the country this week
Mortgage rates climbed this week with 30-year fixed-rate loans averaging 5.7 percent, up from 5.64 percent. The 15-year fixed-rate option rose to 5.08 percent from 5.01 percent as inflation fears eased after a peak of 6.34 percent in mid May.
MENTIONED IN THIS ARTICLE
Freddie Mac
GM recalls nearly 1.5 million vehicles in North America
General Motors announced recalls of about 1.5 million vehicles from 2002 to 2005 model years in North America. The action covers 946,817 sport utility models including the 2002-2004 TrailBlazer Envoy Bravada and the 2004 Rainier due to possible tail lamp failures. Two crashes with injury are suspected to be linked. owners will be notified and repairs are free at GM dealerships.
MENTIONED IN THIS ARTICLE
General Motors Corp
North America
National Highway Traffic Safety Administration
Wall Street rally sparked by oil drop and Bush agenda
Wall Street rose for the second straight day as oil prices fell below 49 dollars a barrel boosting investor optimism. The Dow jumped 177.7 points to 10,314.76, the S P 500 to 1,161.67 and the Nasdaq to 2,023.63, with markets awaiting the Labor Department jobs report for clues on the rally’s durability.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Dow Jones
S&p 500
New York Mercantile Exchange
Michael Palazzi
SG Cowen Securities
Dow
Standard & Poor
Labor Department
Chiefs Royals stay in Kansas City after tax defeat
Kansas City officials say the Chiefs and Royals will remain in the metro area under current leases through 2014 while the Jackson County Sports Authority weighs next steps after the Bistate II sales tax initiative failed. Officials cite needed repairs at Truman Sports Complex and looming competition from Busch Stadium as reasons to act, with focus on immediate project costs and options beyond stadium renovations.
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Chiefs
Royals
K.C
Kansas City
Jackson County Sports Authority
Kansas City Chiefs
The
Mark Gorris
Metro
Gorris
Dick Berkley
Authority
Berkley
Truman
Kauffman Stadium
Busch Stadium
St. Louis
Ransdell/KRT
Kansas City Royals
State settles flu-shot gouging lawsuit in Kansas
The Kansas attorney general’s office said it settled a consumer protection suit with ASAP Meds Inc doing business as Meds-Stat of Fort Lauderdale. The firm affirmed it sold no vaccine in Kansas and agreed to comply with state laws and reimburse about $2,500 in legal expenses.
MENTIONED IN THIS ARTICLE
Kansas
Shawnee County
Chiron Corp
United States
England
Kline
Meds-Stat
Kansas City
Kan
Sam Karsch
Meds- Stat
Kansas Pharmacy
Karsch
Whitney Watson
Med-Stat
Attorney General's
Florida
Chicago and Ottawa Market Roundup Mixed Futures Quotes
Chicago Board of Trade soybeans futures showed declines while other grains rose. December wheat up to 3.03 per bushel, December corn down to 1.971/2, oats up to 1.403/4. January soybeans at 5.064/4. Live cattle and pork futures mixed, December lean hogs at 0.7385, cattle down to 0.8282. Local elevator quotes show soybeans steady at 4.71, corn around 1.63, wheat at 3.25 in Ottawa and nearby elevators. nonferrous metals: gold 430.10, silver 7.371, platinum 834.00 per ounce.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago Mercantile Exchange
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland
Lawrence North
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By Michael J. Martinezte
Associated Press
Arrowhead
Hunt
NFL
Reyars
State
Lawrence South
Pauline
Nonferrous Metals New York
N.Y
ONL
Mer Prey
Aantira Politha