Dow passes 5000 then slips back to close below peak
Heavy buying earlier in trading sent the Dow Jones Industrial Average past the 5000 milestone, but the index fell about 8 points by the close. The Nasdaq weakened as technology stocks retreated. Analysts cited ongoing budget talks, with the government set to reopen under a temporary accord through December 15.
MENTIONED IN THIS ARTICLE
New York
Dow
Arnold Owen
SoundView Financial
Clinton
Congress
Treasury Department
Fed
Jack Baker
Furman Selz Inc
Brian Belski
Daii Bosworth Inc
Minneapolis
Barron’s Financial Weekly
Jobless rate dips in most of state
Kansas unemployment rate for October falls to 3.9 percent from 4.1 percent, with 12,523 more employed and 2,195 fewer seeking jobs. Statewide figures show 1,297,274 employed and 53,209 seeking work. October rates vary by region, including Topeka 4.5 percent and Wichita 4.3 percent, with Boeing strike effects noted in Wichita.
MENTIONED IN THIS ARTICLE
Topeka
Kansas
Department of Human Resources
Lawrence
Douglas County
Wichita
Wayne Franklin
Boeing
Market and Livestock Quotations From Multiple Elevators and Markets
As of Monday close, Farmer's Cooperative Association quotes Midland and North elevators for wheat corn milo and soybeans with small differences. Omaha Live stock Market lists hogs, cattle and calves with price ranges, including U.S. 1 35 220 260 lb hogs and steer and heifer prices rising modestly from last week. Observes dairy and meat indices across Kansas City and New York metals with spot prices for aluminum copper lead zinc tin gold silver and platinum.
MENTIONED IN THIS ARTICLE
Farmer's Cooperative Association
South
Milo
Midland
North
Omana
Nes
Uspa
Omaha
U.S
Dover Crry
Kansas
New York
London
Comex
Handy & Harman
Turkey price war boosts Lawrence turkey sales at 19 cents
SuperTarget in Lawrence sparked a price war by advertising frozen turkeys at 19 cents a pound at 3201 S. Iowa St, selling about 4,000 birds in days and aiming to move up to 8,000. Local grocers Hy Vee Checkers Foods and Dillon stores matched the price amid rising wholesale costs, with analysts noting the move as a traffic builder and signaling the lowest state turkey prices this year.
MENTIONED IN THIS ARTICLE
Lawrence
S. Iowa St
Ken Seipel
SuperTarget
Seipel
SuperTarget’s
Hy-Vee
Super
Target
Jim Lewis
Checkers Foods
Lewis
Ken Keefer
Dillon Stores
Dillon
Kansas City
Jay Avey
Hy-Vee Food & Drug Store
Clinton Pkwy
Avey
Wichita Boeing workers vote to ratify end of 6 1/2 week strike
In Wichita Machinists Local 834 leaders say the proposed contract likely passes to end a 6 1/2 week strike. David Eagle, president, predicts members will vote Tuesday after negotiators recommended approval. The union covers Boeing workers across Kansas, Washington, and Oregon with 5,200 members in Wichita.
MENTIONED IN THIS ARTICLE
Wichita
Boeing Co
David Eagle
International Association of Machinists and Aerospace Workers
Eagle
Associated Press
Boeing
Kansas
Washington
Oregon
Boeing Machinists
Boeing union pact advances amid subcontracting concerns
Union leaders hailed Boeing's proposal as protecting against subcontracting, expanding benefits for laid off workers, and boosting insurance and pensions. The deal, reached after long talks in Bellevue with federal mediation, allows return to work by Wednesday with a December 4 deadline. Negotiators said subcontracting concessions marked a significant achievement for AFL CIO unions nationwide.
MENTIONED IN THIS ARTICLE
Boeing
IMA
Ziegler
Eagle
Bellevue
Wash
Ben Youtsey
Pat Lehman
Central Labor Council
Aflcio
Wichita- Hutchinson
Lehman
U.S. bonds slide after budget accord fades for investors
U.S. Treasuries weakened as a political budget deal between Congress and President Clinton failed to excite markets. The 30-year bond fell about a quarter point to push its yield to 6.25 percent, while the two-year note rose to 5.45 percent. First Interstate Bancorp rejected Wells Fargo bid and backed First Bank System, signaling a heated proxy fight. Microsoft Network adds 525,000 subscribers but trails rivals in content and speed.
MENTIONED IN THIS ARTICLE
U.S
Congress
Clinton
U.S. Treasury
First Interstate Bancorp
Wells Fargo & Co
First Bank System Inc
First Interstate
Anthony Lombardi
Dean Witter Reynolds Inc
Wells Fargo
Microsoft Corp
Microsoft
MSN
America Online Inc
H&r Block Inc
CompuServe
Also Mentioned on This Page
Pam
Giarnic
Omaha Livestock
St. Joseph Livestock
Str. Joseph, Mo
Dess
Dodge City Livestock
N.Y
N.a
Turkey
Miki
YODER
Journal-Worlp Proto
Brett Graham
Cliff Cufeck
Cufeck
Dick Ziegler
Nixon
Treasury Securities
Ratbert
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