Delta Air Lines financing deal boosts shares
Delta Air Lines Inc. could receive up to 600 million in financing if it secures concessions from pilots to support a 1 billion dollar cost reduction plan. Shares surged 17 percent after American Express Travel Related Services Co. agreed to a 100 million loan and 500 million prepayment of SkyMiles. Chief executive Gerald Grinstein emphasized urgency.
MENTIONED IN THIS ARTICLE
Delta Air Lines Inc
Delta
American Express Travel Related Services Co. Inc
American Express
Gerald Grinstein
Pending Home Sales Rise to Third-Highest Level on Record
Sales of previously owned homes increased in September to the third-highest level on record as low mortgage rates drew buyers. The National Association of Realtors said sales rose 3.1 percent month over month to a seasonally adjusted annual rate of 6.75 million units, above analyst forecasts of 6.54 million.
MENTIONED IN THIS ARTICLE
National Association of Realtors
Marsh & McLennan CEO resigns amid bid-rigging probe
Jeffrey W. Greenberg stepped down as chairman and chief executive of Marsh & McLennan Companies Inc. in New York after a board meeting. Michael Cherkasky, 54, will replace him, having been named head of Marsh Inc. last week. Cherkasky previously led Marsh Kroll, the firm’s risk consulting unit.
MENTIONED IN THIS ARTICLE
Marsh & McLennan Companies Inc
New York
Jeffrey W. Greenberg
Greenberg
Michael Cherkasky
Marsh Inc
Marsh Inc., the Company’s Insurance Brokerage Unit. Before That, Cherkasky
Marsh Kroll
Marsh & McLennan Risk Consulting
Citigroup to pay $250000 settle hedge fund case in Japan
Citigroup Inc will pay 250000 to settle allegations it used misleading sales material on hedge funds. The National Association of Securities Dealers announced a censure and fine as the SEC prepares new hedge fund oversight. Citigroup also said it would close its trust banking unit in Japan within a year after Japanese regulators suspended Citibank private banking and revoked its license, removing it from the market.
MENTIONED IN THIS ARTICLE
Citigroup Inc
National Association of Securities Dealers
Association
Citigroup
Securities and Exchange Commission
Japan
Financial Services Agency
Citibank
Regulators Clear Cingular AT&T Wireless Deal
Regulators approved the 41 billion Cingular Wireless and AT&T Wireless merger, creating a 46 million customer cellular giant. The deal requires divestitures in 11 states including Kansas to curb reduced competition. The FCC must still sign off and layoffs are expected after completion.
MENTIONED IN THIS ARTICLE
Washington — Justice Department
Cingular Wireless LLC
At&t Wireless Services Inc
Wireless Telephone
Federal Communications Com
Justice Department
Washington
Cingular
Kansas
Lion
Verizon Wireless
National Wireless
Connecticut
Georgia
Kentucky
Louisiana
Massachusetts
Missouri
Michigan
Oklahoma
Tennessee
Texas
Record soybean crop strains Douglas County elevators
Douglas County faces a storage squeeze as a record soybean harvest and strong corn yields fill elevators. Ottawa Co-op no longer accepts open storage and pushes farmers toward cash sales or its deferred pricing plan, while one farmer ships 400 bushels to St Marys to avoid surrendering control of his beans. Local agent Bill Wood notes yields may reach 40 to 70 bushels per acre for soybeans and about 92 bushels for corn, with prices remaining uncompetitive despite the bumper crop.
MENTIONED IN THIS ARTICLE
Richard Gwin
Journal-World Photo
Bill Rhodes
McLouth
Ottawa Co-op
Assa
North Lawrence
Douglas County
Leo Smith
Smith
Ottawa Co-op Assn
Midland
St. Marys
KPL
Lawrence Energy Center
Kansas
Bill Wood
K-State Research,& Extension
Wood
Co-Op
Adrian Derousseau
Ottawa
Sprint offers managed mobility suite for corporate devices
Sprint on Monday announced a managed mobility package to help medium and large companies control issued wireless devices. The service includes remote data erase, automatic software updates, and pooled minute plans to simplify multi-device management as data devices rise in business use. Availability was planned for the first quarter of 2005.
MENTIONED IN THIS ARTICLE
Overland Park Telecommunications Giant
Kansas City
Sprint Corp
Mobility
Information Technol
Ogy
Overland Park
Sprint
Howard Janzen
Avi Greengart
Sterling, Va
Greengart
Grain and soybean futures rise on Chicago Board of Trade
Chicago futures for wheat December up 7.5 cents to 3.16 a bushel. December corn up 3.5 cents to 2.0514. December oats up 0.75 cent to 1.37 1/2. November soybeans up 1? cents to 5.41. Beef futures mostly lower while pork futures finish mixed on CME. November live cattle steady at 86 cents per pound.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago Mercantile Exchange
November Feeder Cattle and Local Grain Prices
November feeder cattle fell 0.15 cent to 1 1127 a pound. Local markets as of Monday close show wheat at 3.17, corn 1.65, milo 1.55, soybeans 4.96 at Ottawa, Edgerton, Overbrook, Midland, Lawrence North, Lawrence South, Pauline elevators. Nonferrous metals pricing in New York lists gold 429.00, silver 7.36, platinum 843.00 per troy ounce.
MENTIONED IN THIS ARTICLE
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland
Lawrence North
Lawrence South
Pauline
New York
N.Y
Also Mentioned on This Page
Adei
Financial Services Citigroup
Japan Trust Unit
Ai&t
U.S
Associated Press
R. Hewitt Pate
Antitrust Division
BellSouth Corp
SBC Communications Inc
San Antonio
Redmond
At&t Wireless
K-State Research & Extension
Mark Fagan
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