Fed holds key rate at 1 percent amid easing path
The Federal Reserve kept the federal funds rate at 1 percent in a unanimous decision, aiming to sustain the economic rebound. The move maintains the 4 percent prime lending rate and signals hopes for a solid recovery into 2004, with economists noting growth remains uncertain but improving.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Alan Greenspan
Federal Open Market Committee
United States
Lynn Reaser
Banc of America Capital Management
Trager Edom Dworkin
Fed Funds
Chicago Board of Trade
Federal Funds
Durable goods rebound boosts factory orders in September
The Commerce Department reports durable goods new orders rose 0.8 percent in September, signaling stronger demand for cars, communications equipment, and machinery. The surge comes as manufacturers anticipate improved economic conditions, with visuals showing Joanne Sciuto of Lincoln, Alabama inspecting refrigerators at Atomic Appliances Co. in Providence, Alabama.
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America
Commerce Department
Joanne Sciuto
Lincoln
Atomic Appliances Co
Providence
Farmland Foods sale to Smithfield approved by judge
Farmland Industries completed the sale of its pork division to Smithfield Foods for 367.4 million dollars in cash plus assumed pension obligations totaling 90 million, lifting the bid to 457.4 million. U.S. Bankruptcy Judge Jerry Venters approved the court supervised auction and sale.
MENTIONED IN THIS ARTICLE
Farmland Industries Inc
Smithfield Foods Inc
Farmland
Farmland Foods
Smithfield
U.S
Jerry Venters
Verizon profits drop in third quarter figures
Verizon Communications Inc. earned $1.79 billion in the third quarter, with wireless and long-distance gains offsetting losses in the local telephone business. Profit per share stood at 64 cents, down from $4.41 billion or $1.60 per share a year earlier as executives cite stabilizing wireline trends.
MENTIONED IN THIS ARTICLE
Verizon Communications Inc
LMH to close Lawrence Family Care. doctors start own practice
Stormont-Vail HealthCare unit Cotton-O’Neil Clinic will close its 1220 Biltmore Drive office in western Lawrence. In January five LMH doctors will leave to form Lawrence Family Medicine and Obstetrics in the Cotton-O’Neil building, citing better business management.
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Lawrence Memorial Hospital
Lawrence
LMH
Lawrence Family
Cotton-O’neil Clinic
Stormont-Vail HealthCare
Biltmore Drive
Steven Bruner
Lawrence Family Care
Wakarusa Drive
Cotton-O’neil
Lawrence Family Medicine & Obstetrics
Bruner
Maggie Carpenter
Sherri Vaughn
Rod Barnes
Pamela Huerter
Hospital wins Kansas Excellence Award
Lawrence Memorial Hospital is among four Kansas businesses to win the 2003 Kansas Excellence Award from the Kansas Award for Excellence Foundation. The process included a 50 page application and on site judges visit. LMH director Janice Early-Weas says the effort provides an internal review to boost efficiency without compromising patient or employee welfare.
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Thad Allender
Journal-World Photo
Lawrence Memorial Hospital
Sheri Rosenstengle
Lawrence
Harold Brune
LMH
Kansas
Kansas Award For Excellence Foundation
Rosenstengle
Brune
Janice Early-Weas
Weas
Microsoft settles antitrust suit for 32 million in Kansas vouchers
Microsoft agrees to a 32 million settlement in Kansas over class action antitrust and unfair competition claims. The deal provides vouchers worth 200 million across five states and DC, with half of unused vouchers directed to schools. Kansas outcome includes about 382 schools and 81,000 students benefiting. district details cited.
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Kansas
Seattle
Microsoft Corp
District of Columbia
North Carolina
North Dakota
South Dakota
Tennessee
Washington, D.C
Brad Smith
Microsoft
California
Florida
Montana
West Virginia
Arizona
Iowa
Minnesota
New Mexico
Wisconsin
TV tuners upheld in federal appeals ruling
A federal appeals court rejected a challenge to the FCC rule requiring almost all new televisions to include digital tuner capability by 2007. The decision backs the mandate as necessary to ensure Broadcast reception without extra boxes, amid an industry transition from analog to digital signals.
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Washington
Federal Communications Commission
U.S. Court of Appeals For
District of Columbia
FCC
Congress
Also Mentioned on This Page
Verizon
Stormont
Clawhorn
Jworld.com
Mutual Decision Lmh
Gene Meyer
Columbia
HCA
Stormont-Vail
By Chad Lawhorn
Ljworld.com
Catbert
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