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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Sep 13, 2004
Page
2
The national average for all grades fell to 1.89 per gallon, down from 1.91 on Aug 27, with self-serve regular at 1.86. Trilby Lundberg says crude oil prices and supply drive the change, not a holiday travel spike.
Pimco mutual fund group to pay 50 million to settle civil charges by federal regulators over alleged market timing by a favored shareholder. The deal would end an SEC probe into PEA Capital and PA Distributors, two Pimco divisions, owned by Allianz.
US Airways Group Inc, the nation's seventh largest airline, filed for bankruptcy protection in Alexandria after failing to secure $800 million in annual cost cuts from unions. CEO Bruce Lakefield pledged a low-cost restructuring while pilots debate concessions and the carrier seeks to protect its frequent-flier program during the court process.
Commerce Secretary Donald Evans announces the first new Census Bureau economic indicator in 40 years for the service sector. The report covers July inventories, August industrial production and capacity, and current account, retail sales, and consumer prices across multiple periods and sectors. The outlines reference OPEC and Vienna meetings as context for energy and global price dynamics.
Investors urge management to negotiate a friendly merger with Oracle after a federal judge allowed the hostile bid to proceed. Shareholders in Pleasanton CA say Oracle's 7.7 billion offer merits consideration as PeopleSoft stock climbs and Oracle stock rises. About 7 percent of PeopleSoft shares have been tendered to Oracle.
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