H&R Block posts Q2 loss as mortgage unit struggles
H&R Block Inc reports a second quarter loss of 52.2 million or 32 cents a share for the three months to Oct. 31. Kansas City based firm saw earnings drop from 10.4 million or 6 cents a share a year earlier. Shares fell to 48.45 on the NYSE and after-hours trading showed a 1.90 drop. Cingular Wireless LLC plans about 10 percent job cuts over 12 to 18 months as it merges with AT&T Wireless. CEO Stan Sigman said most cuts will be in admin, few in customer service, with no cuts before January.
MENTIONED IN THIS ARTICLE
H&r Block Inc
Kansas City
H&r Block
New York Stock Exchange
Cingular Wireless LLC
At&t Wireless
Stan Sigman
Heinz Reports Higher Second Quarter Profit Yet Falls Short
H J Heinz posted net income of 199 million dollars for the second quarter, 56 cents a share, up from 191.5 million or 54 cents a share a year ago. On continuing operations earnings were 56 cents a share, below analyst expectations of 59 cents per share per Thomson First Call.
MENTIONED IN THIS ARTICLE
H.J. Heinz
Thomson First Call
Dollar slides to record low against euro after meeting
The U S dollar dropped to a new low versus the euro as the single currency rose above $1.31 after a weekend meeting of top finance officials failed to signal any steps to halt the dollar's slide. The euro climbed to $1.3105 in Europe, surpassing the prior high of $1.3074, and traded around $1.3080 late in New York.
MENTIONED IN THIS ARTICLE
U.S
Europe
New York
Airbus may move to rival Boeing 7E7 Dreamliner
Airbus SAS chief executive Noel Forgeard said Airbus hopes to win approval within days to launch a new plane to rival Boeing Co's 7E7 Dreamliner. Forgeard was reasonably optimistic that parent EADS would approve the A350 launch when its board meets next week. Mark Fagan, Business editor.
MENTIONED IN THIS ARTICLE
Airbus
Boeing Co
Airbus Sas
Noel Forgeard
European Aeronautic Defence and Space Co
Apple iPod faces growing rivals in portable players
At Palo Alto malls shoppers eye iPod Minis while Apple’s lead is challenged by new hard disk players from Dell Pocket DJ Virgin Creative Archos and iRiver. Analysts say Apple could hold dominance but market share may erode as rivals match capacity and add features.
MENTIONED IN THIS ARTICLE
PaLo Alto
Calif
Lauren
Discovery Channel
Apple Computer Inc
Mary Lynn Robinson
Menlo Park
Apple
Dell Inc
Virgin Electronics
Creative Labs Inc
iRiver America Inc
Archos Inc
Susan Kevorkian
IDC
Cupertino
Archos
United States
NPD Group
Samsung Electronics Co
Sony Corp
Rio Audio
Samsung
Sony
Virgin
Rio
Creative
Dell
NPD
Stephen Baker
McDonald’s names insider to replace Bell as CEO
McDonald’s picks insider Jim Skinner to succeed Charlie Bell, who stepped down due to colon cancer. Analysts say the choice signals continuity after a sales rebound, with Skinner and Bell having led key strategy shifts and Bell’s predecessor Jim Cantalupo noted for the turnaround. Shares rose 2.45 percent to 30.10.
MENTIONED IN THIS ARTICLE
CuHicaco
McDonald’s Corp
Charlie Bell
McDonald’s
Jim Skinner
Bell
Jim Cantalupo
Japan
U.S
Walt Riker
Morningstar Inc
Carl Sibirski
Riker
Skinner
Cantalupo
New York Stock Exchange
Existing home sales hold steady near record pace in October
The National Association of Realtors reports 6.75 million annualized sales, down 0.1 percent from September, with mortgage rates averaging 5.72 percent in October. Analysts expect 2004 to set new highs as the housing market remains buoyed by lower rates, with regional gains in the South.
MENTIONED IN THIS ARTICLE
Washington
National Association of Realtors
Steve Stanley
RBS Greenwich Capital
David Lereah
Association
South
Northeast
Midwest
Lawrence October home sales dip amid price ease
Lawrence October home sales cooled from a prior peak with 94 houses sold, up from August, at an average price of 178 779. Countywide 121 homes sold, down from 146 year earlier, while the five year monthly average stands at 123. The October county average price reached 176 910, above last year and the five year average of 166 731. North Lawrence saw three sales at 121 040. Baldwin had six at 154 617. Eudora posted 11 at 157 973. Lecompton had none. Rural Douglas County had seven at 233 486.
MENTIONED IN THIS ARTICLE
Lawrence
Douglas County
North Lawrence
Baldwin
Eudora
Lecompton
Grain and livestock futures mixed on Chicago markets
Chicago Board of Trade soybeans rose while grain futures closed mixed with December wheat at 3.005, December corn 198, and January soybeans 5.612. Beef and pork futures gained on the CME with December live cattle at 87.25 and January feeder cattle at 99.72. Local elevator quotes list mixed cereal prices and international metals mainly steady.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago Mercantile Exchange
Also Mentioned on This Page
H&r
Heinz
Aviation
Boeing Jetliner
Mark Fagan
Mfagan
Ljworld.com
Lawrence Journal-World
Apple Mac
Brandon Mabanag
San Francisco
iPod
Golden Arches
By Nicole Ziegler
Dizon
Associated Press
By Jeannine Aversa
J-W
Ottawa Cooperative Assn
Ottawa
Edgerton
Overbrook
Midland
Milo
Lawrence North
Lawrence South
Pauline
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