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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Nov 09, 2004
Page
5
Cuba bans the U S dollar from stores, restaurants, hotels, and markets. Citizens and visitors must use the local currency tied to the dollar, after thousands rush banks to exchange dollars for Cuban convertible pesos. A street artist trains his dog Pillo to recognize Cuban pesos.
Westar Energy Inc. posted a third quarter profit of 60.1 million dollars, 70 cents a share, rebounding from the prior year's 161.7 million dollar loss from discontinued operations. Shares rose to 21.77 on the NYSE as Westar serves about 654,000 customers in Kansas.
IBM's Blue Gene/L, still incomplete, is named the fastest supercomputer by the Top 500 project with a speed of 70.72 trillion calculations per second. The system will be installed at Lawrence Livermore National Laboratory next year for nuclear stockpile research, with an estimated electric bill of about $1 million annually.
Microsoft Corp paid 536 million dollars to rival Novell Inc and an undisclosed sum to a trade group that backed government antitrust complaints. Novell said it would sue Microsoft this week alleging damage to WordPerfect business software.
The weekend scam asks customers to confirm banking details to prevent account suspension. Experts say phishing floods inboxes with generic messages, targeting anxious users. Commerce Bank emphasizes that fraud has grown with the Internet and urges education to counter it.
Capitol Federal Savings Bank will replace about 8000 debit cards after customer account numbers and expiration dates were stolen from a national merchant’s database. The Topeka bank estimates an $11000 cost and reports dozens of suspect attempts to use the stolen Visa numbers. Customers will receive new cards by week’s end.
The Kansas Attorney General urges caution with email requests for personal data. Do not share Social Security numbers birth dates credit card or bank details in email replies. Avoid clicking links verify by visiting the company’s site or calling directly. Check your credit reports annually from Equifax Experian and TransUnion.
NASD files fraud complaint against H&R Block Financial Advisors for selling about 16 million dollars of Enron bonds to around 800 customers in 40 states in late 2001. Brokers allegedly misrepresented safety and failed to disclose risks as Enron collapsed amid investigations. The firm disputes the allegations and will contest them in NASD hearings.
Futures show modest gains for soybeans and higher wheat while corn and oats slip. CME livestock futures also mixed with live cattle up and feeder cattle and lean hogs down. Local elevator quotes list wheat and corn around 3.40 and 1.63 per bushel, soybeans at 4.76. Nonferrous metals report closes with gold at 432.70 and silver at 7.477 per troy ounce.
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