SEC opens probe into leak of government 30-year bond decision
The Securities and Exchange Commission began an investigation on Tuesday into allegations that market sensitive information about a surprise decision to halt selling 30 year bonds was leaked. Enforcement Director Stephen Cutler vowed the agency would vigorously pursue the matter.
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Securities and Exchange Commission
Stephen Cutler
SEC
Commission
Midwest Grain Products Reports Turnaround on Ethanol Demand
Midwest Grain Products Inc an Atchison based producer of wheat gluten and other products posted first quarter net income of 2.44 million 30 cents per share reversing a prior loss of 395000 or 5 cents. Higher ethanol demand and lower energy costs drove the improvement along with strong demand for value added wheat proteins.
MENTIONED IN THIS ARTICLE
Midwest Grain Products Inc
Atchison
Western Resources plans debt cut via Westar stock sale
Western Resources proposes selling Westar Industries stock to cut about $1 billion of its $2.8 billion utility debt, a move met with scrutiny from Citizens' Utility Ratepayer Board. Critics question motive and potential higher rates as the plan faces uncertainty alongside an ongoing PNM lawsuit and a July revenue drop.
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Western Resources Inc
Topeka
Kansas Corporation Commission
Walker Hendrix
Citizens’ Utility Ratepayer Board
Western
KPL
KGB
Westar
General Motors
Drix
KCC
Hendrix
Public Service Company of New Mexico
PNM
Custard Cup brings smooth growth to Lawrence locale
The Custard Cup at 520 W 23rd in Lawrence showcases frozen custard confections, traditional ice creams, gourmet coffees and Italian-syrup drinks. Owner Tom Plumberg and CEO Bonnie Fiske run a 14-employee shop with plans to expand customer base and possibly franchise in five years. Guests can order bulk, event pies, and share feedback on the company site.
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Tom Plumberg
Bonnie Fiske
Lawrence
Plumberg
Fiske
Stocks rise on rate cut hopes spark Wall Street rally
The 10th rate cut of the year spurred a solid rally on Tuesday as investors bet Fed stimulus would eventually boost growth. Analysts warned of nerves over layoffs and consumer spending, with most gains occurring in the final hour. The Dow rose 150.09 to 9,591.12, ending a four-session streak of gains.
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New York
Wall Street
Federal Reserve
Dow
HP Heirs Oppose Compaq Takeover Vote Against Acquisition
The Hewlett Packard family and foundation, founders of HP, announced they would vote their 5 percent stake against the Compaq Computer takeover. HP shares jumped 13 percent to $19.01 on the NYSE while Compaq slid about 8 percent to $8.29. In the same week, the Dow fell 1,369 points as markets grappled with post-attack volatility, though the S&P 500 and Nasdaq recovered to near or above pre-attack levels.
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Palo Alto
Calif
Foundation
Hewlett-Packard ,Co
William Hewlett
Compaq Computer Corp
Hewlett- Packard
New York Stock Exchange
Compaq
Dow
Standard & Poor
Local grain and metal prices from regional elevators and markets
Tuesday close reports include Ottawa Asso Wheat 2.68, corn 1.70, milo 1.70, soybeans 3.95 and similar at Edgerton Overbrook Pauline and Midland elevators with varying NA values. USDA loan deficiency payments list corn 0.13 and soybeans 1.22. Nonferrous metals show aluminum 56.8 cents lb, zinc 39.18–39.68 cents lb, gold 278.95, silver 4.145 per troy oz.
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Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland
Lawrence
Pauline
USDA
Nonferrous Metals
New York
London Metal Exch
Handy & Harman
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