Payless Faces Credit Downgrade Amid Sales Slump
Payless faces a credit rating downgrade from Standard & Poor's to BB with negative outlook as weak sales and market pressure from Wal Mart and Target persist. The firm plans store closures, exits from Peru and Chile, and a sales hit to reach a 2004 gross margin goal, while shares fall to near a two year low.
MENTIONED IN THIS ARTICLE
Cantrell
Payless
Standard & Poor’s Ratings Services
Standard & Poor
Ana Lai
Wal-Mart Stores Inc
Target Corp
Standard & Poor's
Douglas
Peru
Chile
Parade
New York Stock Exchange
Affordable housing plan faces resident concerns in Lawrence
Tate questions affordability, noting plans fall short of ideals though cheaper than the average home. 2004 average sale prices: $162,700 overall, $238,800 for new homes. Neighbors worry about aesthetics and green space, fearing a weak, unstable 20 year neighborhood. A builder plans to buy all 35 lots after zoning approval, aiming for swift sales. Belot expects mixed reception and will meet with residents.
MENTIONED IN THIS ARTICLE
Tate
Douglas County
East Lawrence
Belot
Market wrap shows grains and livestock lower on CBOT and CME
Chicago Board of Trade futures retreat with December wheat at 3.22 1/2, December corn 2.36 1/4, oats 1.50 1/2, November soybeans 6.28 3/4. CME beef and pork futures also finished lower with live cattle 82.77 and hogs 65.32. Local price quotes include Ottawa and Edgerton elevators for wheat 3.17 and soybeans around 6.14 to 6.19. Nonferrous and precious metals futures quote aluminum 75.8 cents, copper 12750 cents, lead 876 per ton, zinc 48.15–48.40 cents, gold 408.80, silver 6.793, platinum 871.00 per ounce.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago Mercantile Exchange
New York
London
N.Y
xevenTy
Bly
Judge dismisses suit against DFA over Southern Belle dairy
A federal judge in London Kentucky dismissed an antitrust lawsuit against Dairy Farmers of America Inc. finding no evidence of a monopoly in Kentucky and Tennessee school districts. The suit sought to force DFA to divest Southern Belle Dairy of Somerset. DFA chairman Tom Camerlo called the ruling vindicating and said competition benefits milk producers.
MENTIONED IN THIS ARTICLE
Louisville, Ky
Dairy Farmers of America
Kentucky
Tennessee
U.S
London
Kansas City
Dairy Farmers of America Inc
Dairy Farmer Cooperative
Southern Belle Dairy
Somerset
Karl Forrester
Southern Belle
Tom Camerlo
Dairy Farmers
Florence
Colo
DFA
Camerlo
Also Mentioned on This Page
Topeka Company
Chad Lawhar
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland Elevator
Lawrence North
Lawrence South
Pauline
K.C. Dairy Co-Op
Lawrence
Geen
Alvin
Wine & Spirits
9Th
Iowa
6Th
Monterey Way
West Coast
23Rd
Marvin
de Sota
Lawrance Humane Society
Howdy Lawence
Flo
LHS
Omher Frank Photography
Qwrence Humane Society
Petlindsrcom
Ace Humane
del Monte Focps
del Monte Pet Products
Sunflower
Riverfront Plaza
Ste. 301
William Hale
M.D
Lawrence Memorial Hospital
Cosmetology Academy
Bat
Iowa Street
Kansas
Aia
The
Journal-World
Our City
Ord
Worip
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